Target: President Barack Obama
Goal: Stop changes to federal loans that will increase costs for students and families
Many politicians in Washington bemoan budget deficits while refusing common sense actions like increasing taxes on the wealthy and cutting unnecessary defense spending. Unfortunately, a new bill recently passed through Congress gives them a way to keep ignoring those reasonable proposals and pass costs on to America’s college students instead. The proposed overhaul to the federal student loan program will increase costs for students and their families by more than $700 million. At a time when America’s educational system is struggling to keep up with the rest of the world, we should be encouraging students to attend college instead of making it even more expensive.
If these changes are signed into law, they are expected to produce $185 billion in profit for the federal government. That figure would potentially make the federal student loan program one of the 20 most profitable public companies in the world. It is unjustifiable to profit from America’s future workforce in this way while doing little to ensure that there is a stable economy, healthy infrastructure, and functioning safety net waiting for them when they enter the job market.
As Democratic Senator Barbara Boxer correctly pointed out, these changes mean that “Students, in essence, are subsidizing the government.” Instead of increasing the costs of a college education when America’s students are already more than $1.2 trillion in debt, Congress needs to reform the tax system and cut unnecessary subsidies and spending. Please sign the petition below to insist that President Obama vetoes this bill when it reaches his desk.
Dear Mr. President,
One of the best investments a community can make is into the education of its youth; the students of today are the future leaders of tomorrow. In previous speeches you have recognized this, saying that post-secondary education should be within reach of every young American regardless of background. Unfortunately, the federal student loan bill currently making its way to your desk is the very antithesis of that argument. This bill will increase the costs to students and families by $700 million, in a time when many middle class Americans are already struggling to put their children through college. By making it even harder for them, you only hurt America’s future prospects.
Lowering the deficit in the short term is not worth hurting America’s students in the long term. America’s students are already more than $1.2 trillion in debt; it is unjustifiable to burden them even more. It is even more upsetting in light of Congress’ failure to raise taxes on companies making record profits or to cut subsidies from industries that don’t need them. Please veto this federal student loan overhaul, and work with Congress to come up with a better solution for America’s students.
[Your Name Here]
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