Tonight, Senator Scott Brown faced off with bold progressive candidate Elizabeth Warren in a live television debate. At one point, he claimed that he voted to keep student interest rates low, and then went on a tirade against Warren’s salary as a college professor.
But what he didn’t mention was his own role in trying to prevent student loan reform. Brown voted against the Student Aid and Fiscal Responsibility Act, which for the first time ever took Big Bank middlemen out of the federal student lending process, which is expected to save taxpayers and students billions of dollars in the coming years. Banks just happen to be his biggest donors.
Brown was obviously trying to distract voters from his own anti-student voting record with his personal attacks on Warren.
Voting to keep the banks involved with student loans is just another betrayal of the public interest. Anyone these days (except children of the 1%) who strives for an education after high school must take out enormous loans to supplement any grants or scholarships he/she is awarded, ending up after graduation with debtloads perhaps in the HUNDRED THOUSANDS OF DOLLARS, which will require her/his lifetime to pay back, provided he/she finds employment.