We the People call on the President of the United States to reduce the student loan interest rates on ALL loans provided by the U.S. Department of Education and Treasury to 0%.
The People of these United States should not be directly responsible for paying for the cost of administering the Federal Student Loan program. This cost should be 100% funded by taxpayer dollars and part of the budget of the Department of Education and Treasury.
To date, Americans have more than $1.4 trillion in student loan debt with the current interest rate at 4.29%, creating a large pool of excess dollars for the government to use at the expense of citizens who already pay their taxes.
We will no longer accept being a subsidy for a program we are already funding through our tax dollars.