U.S. Sen. Eliz­a­beth Warren and Con­gressman John Tierney plan to join stu­dents and pro­fes­sors to high­light a July 1 dead­line when the interest rate on fed­eral stu­dents loans are set to double if Con­gress doesn’t act first.

The interest rate on fed­eral stu­dent loans is cur­rently set at 3.4%.

Warren and Tierney have intro­duced a bill intended to stop that rate from dou­bling. The bill would let stu­dents pay the same interest rate on their gov­ern­ment loans that is offered to major banks.

On Monday morning, Warren and Tierney are hosting an event at North­eastern Uni­ver­sity to dis­cuss the poten­tial rate hike.

The two Democ­rats plan to meet with North­eastern Pres­i­dent Joseph Aoun, teachers and stu­dents at the university’s vis­itor center. The event is sched­uled for 10 a.m. ET.

Read the article at USA Today →