Mount St. Mary’s College President Ann McElaney-Johnson joined House Democratic Leader Nancy Pelosi and Rep. Xavier Becerra (CA-31) in a roundtable discussion on the impact of higher student loan interest rates on college affordability.
On July 1, interest rates on need-based student loans are set to increase from 3.4 percent to 6.8 percent. Presidents, administrators and students from higher education institutions in Southern California who attended the discussion on May 22 urged action from Congress to prevent the rate hike.
“Students should graduate from college dreaming about every opportunity that their future holds and not about more debt,” Rep. Becerra said. “If we’re to keep the American Dream alive for our kids and the next generation of leaders, Congress must take immediate action to prevent interest rates on student loans from doubling.”
The event was held at Occidental College in Los Angeles. McElaney-Johnson and Mount students Dana-Rae Gipson ‘15 and Michelle Arias ’14 represented the College. Other roundtable attendees included Jonathan Veitch, president, Occidental College; Roland Chapdelaine, president, Los Angeles Trade Technical College; Jamillah Moore president, Los Angeles City College; Luis Dorado, dean of student services, Los Angeles Trade Technical College; and Ron Johnson, financial aid director, University of California, Los Angeles. Students from Occidental College, University of Southern California, UCLA, Los Angeles City College, Loyola Marymount, and other University of California campuses also participated in the discussion.
For more information, visit Rep. Becerra's website.