the WHITE HOUSEPresident Barack Obama

Search form

The White House
Office of the Press Secretary
For Immediate Release

Statement by the Press Secretary on Student Loan Interest Rates

We’re pleased that the Senate has reached a deal to keep rates low and continue offering hard-working students a fair shot at an affordable education. Higher education has never been more important to getting a good job. That’s why President Obama has made stopping this rate hike and saving 7.4 million students an average of $1,000 a priority since his State of the Union and has repeatedly called on Congress to act. We hope that Congress will complete the legislative process and send a bill to the President as soon as possible.