ADA, ASDA and ADEA Ask Congress to Work toward Reducing Burden of Debt on Graduate Students
February 23, 2015
On Thursday, the ADA urged Senate and House leaders to make significant improvements to existing law in order to help reduce the growing burden of student loans on graduate students.
In letters to the chairmen and ranking members of committees of jurisdiction, the ADA specifically asked lawmakers to give priority to the following points when considering legislation reauthorizing the Higher Education Act:
• Lowering federal graduate student loan interest rates and the total amount of interest that can accrue on federal graduate student loans;
• Allowing graduate students to refinance their federal student loans more than once to take advantage of lower interest rates and better economic conditions;
• Extending the period of deferment for repaying federal graduate student loans to the maximum extent practicable;
• Simplifying and adding more transparency to the federal graduate student loan application process;
• Removing the barriers that prohibit those with private graduate student loans from taking advantage of federal student loan forgiveness and service payback programs.
The letters were cosigned by the American Student Dental Association and the American Dental Education Association. The ADA will be inviting other dental organizations to join the coalition as specific bills are introduced.
The letters are available at ada.org/advocacy