Thank Sen. Elizabeth Warren for her efforts to cut student loan interest rates by signing PHENOM’s thank you card.
Almost a million Massachusetts residents owe more than $24,000,000,000 (that’s billion!) in student debt, much of it at high interest rates. Private banks and the federal government have been making a ton of money on these loans, while the future prospects of both individual borrowers and the state’s economy are undermined.
PHENOM, together with other groups, is determined to do something about this crisis this year!
We’re kicking off the school year with a rally outside Senator Elizabeth Warren’s office to highlight the problem and thank her for her efforts. She has introduced a bill that would allow a huge number of student loan borrowers to refinance their loans – both government and private – at a lower interest rate. Under the Bank on Students Emergency Loan Refinancing Act, 581,000 Massachusetts borrowers would benefit, saving over a billion dollars in the first year alone.
Figure out how much you would save on your loan if this bill passes. Then
Join us as we
- Unveil new research on the causes and consequences of student debt in Massachusetts, and creatively bring media attention to the crisis
- Show support for Sen. Warren’s legislation and thank her for her efforts
- Engage downtown Boston in a discussion of student debt
Bring your friends and join PHENOM, Jobs with Justice, Campaign for a Debt-Free Future, Generation Progress, Higher Ed Not Debt and others:
Friday, September 5
12 Noon to 1 PM
15 Sudbury Street, Boston
If you can’t come – or even if you can – please participate by signing PHENOM’s thank you card.
For more information about the bill, please see