The U.S. House of Representatives recently passed a bill that would eliminate the middle man in student loans, saving $87 billion. To keep the bill from faltering in the U.S. Senate, we need to contact U.S. Senators and insist that they not be influenced by lobbying from lending institutions.

The Student and Fiscal Responsibility Act passed the U.S. House but needs our help to get it passed in the U.S. Senate. This legislation reforms the system of federal student loans to save taxpayers $87 billion – and then invests $77 billion of those savings back into education, particularly by making college more affordable, and directs $10 billion back to the Treasury to reduce entitlement spending.

Among its many provisions, it increases the maximum Pell Grant from $5,350 in 2009 to $5,550 in 2010 and $6,900 in 2019 and keeps interest rates low on subsidized federal student loans.

This legislation is good for students (and future students), their parents and taxpayers. But, that will not stop lobbyists for lending institutions from spending big money to put a stop to it.

Please contact as many members of the U.S. Senate as you can to push through this legislation.

Our interests, not special interests.

– Ron Weigelt