For Immediate Release

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Michael Briggs (202) 228-6492

Sanders Statement on Student Loans

WASHINGTON - Sen. Bernie Sanders (I-Vt.) issued the following statement today after Congress approved a bill to extend current interest rates on Stafford loans for 9 million college students, including 19,000 in Vermont: 

"Young people in Vermont and across the country are facing extraordinary challenges. They are paying three to four times as much as their parents did for a college education. With families already overburdened, it would have been awful to have let interest rates double.


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"In Vermont, nearly 70 percent of college graduates are carrying student loan debt, on average about $30,000. This puts Vermont at the sixth-highest student loan debt load in the country. I'm glad the Senate was able to pass this common-sense provision and keep the interest rate on federal subsidized Stafford loans at their current rate of 3.4 percent."


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United States Senator for Vermont

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