Vermont Congressman Peter Welch held a telephone Town Hall Wednesday night with his constituents to discuss their concerns about the doubling of the Stafford student loan interest rates, scheduled to take effect on July first.
The college loan rates will rise to 6.8% unless Congress acts to prevent the increase. Congressman Welch says it would be unconscionable for the House to fail to act.
Welch was joined on the call by Lana Kunkel. She used the Stafford Loan to complete her college career and has a special connection to the program. Her grandfather, former Vermont Senator Robert Stafford crafted the federal legislation that created the federal program that now carries his name.
More than 75-hundred Vermonters participated in the telephone Town Hall.