Greg McCauley for Congress | PA District 6

Greg McCauley for Congress | PA District 6

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Statement: Not surprising 9 out of 10 Americans don’t understand how rising interest rates affect their student loan payments

CHADDS FORD, Pa.– May 30, 2018 —CNBC recently profiled the results of a survey posted on the website Credible, which gauged Americans’ knowledge of their student loan interest rates. More than 9 out of 10 people scored less than 50 percent on the 6 question quiz.

In regards to this CNBC revelation, Greg McCauley, candidate for the U.S. House of Representatives in Pennsylvania’s 6th District issued the following statement:

“The revelation that a majority of people do not understand aspects of their student loans, such as their loans’ interest rates, is not surprising at all. This is why the student loan debt crisis has spiraled out of control.

“As I’ve proposed, moving student loan debt into a low interest (2.59%) bond without liability for the taxpayer will enable the next generation to pay off their loans faster with smaller monthly payments. Smaller monthly payments that eat away at the principal on their loans, frees up more personal income for them to live the American Dream; to buy large ticket, rite-of-passage items like homes and engagement rings; to feel financially secure to start a family.

“I will reiterate; we must take legislative action immediately to ensure that the American Dream is not stolen from the next generation. When I am elected to the U.S. House of Representatives, I will make it my priority to do just that.”

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PA DISTRICT 6

Get To Know DISTRICT 6

Where is PA District 6? – District 6 includes all of Chester County and the southern tip of Berks County.

District 6 was created in 1791.

PA District 6 had its boundaries redrawn by the courts in 2018 so make sure you know where you’re voting!

PA6 has been represented by a Republican since 2003… let’s come together and KEEP DIST 6 RED!

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Paid for by Greg McCauley for Congress

P. O. 174
Mendenhall, Pa, 19357
Phone: 610–388-9880