NEW ORLEANS, LA—Today, Mayor Mitch Landrieu joined local university student leaders in a nationwide conference call hosted by President Barack Obama. The topic of the call was to discuss the fight to keep federally subsidized student loan interest rates from doubling on July 1, 2012.
“Many students already leave school with a heavy debt burden,” said Mayor Landrieu. “If Congress doesn’t act now, the over 50,000 students in New Orleans’ universities and colleges will see loan interest rates double.”
Currently, subsidized Stafford loan interest rates are at 3.4 percent.
Jakarah Porter, Student Government Representative for Dillard University, Evan Cole and Michael Lewis, Student Government Presidents for Tulane University and Khaled Badr, Student Government President for Loyola University all participated in the call.
Mayor Landrieu is also encouraging citizens to use social media to get the message out using the hashtag #DontDoubleMyRate. You can connect with Mayor Landrieu on Twitter @mayorlandrieu and on www.facebook.com/mayorlandrieu.
The U.S. Senate is expected to vote on legislation this week.