reduce the interest rate paid by people who consolidated or received student loans when interest rates were high

This petition seeks to reduce the interest rate being paid by those who received or consolidated their federal student loans when interest rates were high. The President and Congress made sure that students receiving loans now pay 3.4% interest on federally-subsidized student loans. However, many people are paying 6% or more on their consolidated federal student loans. The 3.4% interest rate should be extended to people paying higher rates.