Online Staff Report
WASHINGTON, D.C. — Generation Opportunity President Evan Feinberg issued the following statement in response to Congress’s failure to reach a deal on interest rates for government-backed Stafford loans:
“At a time when the average student loan debt is roughly $30,000 and effective youth unemployment is above 16 percent, politicians have gone home on vacation rather than offer the 7 million young people preparing to go to college certainty on their student loans.
“It’s clear that neither party is interested in addressing the real problem: government meddling in the student loan market, one of the main reasons college is unaffordable in the first place. Neither Democrats nor Republicans are right on this issue. Politicians should get out of the student loan market altogether and stop using students as pawns in their political games.”
Generation Opportunity is a national, non-partisan organization advocating for economic opportunity for young people through less government and more freedom.
Posted July 2, 2013