BILL HAMMONS FOR UNITED STATES SENATE AND COLORADO
CPR VOTER GUIDE: COLLEGE TUITION
College has become unaffordable for many Americans. What would you do to make it more affordable?
Answer: I support using legislation to cap interest rates on student loans at no more than the interest rate on a 20-year U.S. Treasury Bond (a little under 2% as of this writing), thus effectively eliminating the private student loan market (which has proved to be predatory) and encouraging the growth of Federal Direct Student Loans in its place. I also support doubling the typical repayment term to 20 years.
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