Study: U of Colorado Only Major University To Report Lobbying For Low Student Loan Rates

Monday, July 2, 2012

The University of Colorado -- where nearly one in three undergraduates on the Boulder campus have federal Stafford loans -- was among few organizations that publicly reported lobbying in favor of a measure to keep interest rates from doubling to 6.8 percent.

On Friday, Congress passed legislation to keep interest rates at 3.4 percent on Stafford loans. If Congress didn't act, the rates could have doubled to 6.8 percent on Sunday.

In the first quarter of 2012, CU spent $169,752 in lobbying expenses, according to public filings. Among its lobbying efforts was support of an early measure, H.R. 3826, which sought to amend the Higher Education Act of 1965 to extend reduced interest rates for the federal loans.

CU lobbied for other measures spanning from increases in National Institutes of Health funding to advocating for the U.S. Patent and Trademark Office to locate a new building in Denver.

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