#DontDoubleMyRate #RespectMyVote‏

Respect My Vote!Last week the Respect My Vote! campaign took on the war on voting, a coordinated effort to disenfranchise our communities. We had an overwhelming response, people all over the country spoke out in their communities, and via social media, and collectively we reached over 5 million people.

This week we are adding college affordability to our issue agenda for Respect My Vote!

Right now, 7.4 million students with need-based federally subsidized Stafford loans could see their interest rates double on July 1 from 3.4% to 6.8%, if Congress doesn’t act to stop the increase.

Both sides of the isle agree that we need to prevent this increase, but they can’t agree on how. Use your voice to call on Congress, and tell them not to let student loan interest rates double!

Did you know that for the first time Americans owe more in student loan debt than in credit card debt? Since 1981 college costs have increased on average 6.4% annually, while the annual income growth over the same period is 0.4%. Basically, for a long time now, the cost of going to college has been increasing way beyond what families can afford. Today, 94% of undergraduate students borrow to pay for their education.

This is a clear example of how policy makes a huge difference in our daily lives. Keeping the interest rates where they are, which everyone agrees should happen, will save families on average $1000 this year. But should Congress not find a solution, low- and moderate- income families will face increased financial burden that they cannot afford.

This is why it is so important you vote, so your voice is heard on decisions like this one, which have real-world consequences. Make sure you are registered to vote, and then pass this message along to all your friends and family and make sure they are registered to vote as well.

Join #RespectMyVote this week and declare to Congress #DontDoubleMyRate.

For Future Generations…

Rev Yearwood

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