Report:

Issue Brief: Student Loan Debt in Connecticut

Released by: ConnPIRG

Without a new plan from Congress, on July 1 the interest rate on subsidized Stafford student loans will double, from 3.4 percent to 6.8 percent. In Connecticut, 73,051 federal student loan borrowers will be impacted if the rate doubles .

Sixty-four percent of Connecticut’s graduates carry student loan debt, with an average of $28,783 in debt per borrower.   Unfortunately, student loan borrowers in Connecticut will be hit with higher loan costs on July 1, which translates into an additional $937 in cost per student, per loan. 

If the low 3.4 percent rate gets extended, this year’s student loan borrowers in Connecticut would save a combined $68,448,787, which could be spent in the consumer economy rather than being applied toward paying down debt.
 

Priority Action

We're calling on the EPA to ban Monsanto's Roundup unless and until independent research proves it's safe. Let's hold them accountable.

Support Us

Your donation supports ConnPIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Updates

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code