Recently, Rep Rush Holt joined Rutgers officials and other educators to talk with local students and parents about college aid opportunities. Today’s economy is challenging for young people to find a job. College has never been more crucial to our economy and to job creation –– but college is also more expensive. As a longtime teacher, Rep. Holt has seen firsthand the power of higher education to transform lives. He has taken some actions in the congress to make college more affordable:
1. Keeping College Loan Rates Low. A few years ago, Rep. Holt helped write a law that cut student loan interest rates from 6.8 to 3.4 percent, saving each student $2,000 on average. Recently, some members in Congress sought to undo this rate cut. Rep. Holt helped reach a compromise to ensure that rates will remain low for one more year, helping 144,000 New Jersey students. He is now supporting legislation to make the rate cut permanent.
2. Helping Math and Science Teachers Afford College. The TEACH Grant program provides up to $16,000 over four years for students who commit to teaching math, science, or foreign languages for at least five years.
3. Supporting Graduates Who Enter Public Service. Rep. Holt helped write a law that forgives student loans after 10 years for graduates in public service.
Education is key to the American Dream for individuals and our nation’s economic future. Let’s reelect education advocate Rush Holt to congress.
Yu Zhong
Plainsboro
