The U.S. Senate is on the verge of failing students – again.
Weeks after allowing student loans to double, senators from both parties are introducing legislation that would send future students’ borrowing costs even higher.Ai?? Their proposal is worse than doing nothing – undergraduates could pay up to 8.25% interest rates and graduate students would pay even more. Current students would only be offered a teaser rate – and then their rates would go up too.
Thankfully, Senator Elizabeth Warren of Massachusetts is fighting back and standing up for students. Here’s what she had to say about this raw deal yesterday on the floor of the U.S. Senate:
“We should not go along with any plan that demands that our students continue to produce huge profits for the government… This is wrong.”
ai??i?? Senator Elizabeth Warren, July 18th, 2013
Senator Warren is doing her part to defeat this bad deal, but she needs our help.
IfAi??SenateAi??Democrats hear from voters today that they oppose this deal, we can stop it.
An outpouring of public opposition will show Congress that students deserve better than to be used as profit centers, and embolden Democrats to side with students.
Leave a comment