ratchetpussynvrtastedsosweet:

stfuconservatives:

smdxn:

Eliz. Warren wants to cut student interest rates to near zero

Senator Elizabeth Warren (D-MA) has introduced her first piece of legislation. It’s called the Bank on Students Loan Fairness Act, and would reduce the rate students pay on federally-subsidized student loans for one year, from 3.4% to 0.75%.

Without congressional action, on July 1 the rate is set to double from 3.4% to 6.8%.

Warren brings up an interesting point – her bill simply asks students to pay the same rates that big banks pay for borrowing.

She’s literally just asking if college grads can get the same deal as bank CEOs. The exact same interest rate. Not even a bailout or anything fancy (pipe dreams!) - just the same interest rate.

please let this pass

(Reblogged from bijunn-deactivated20130612)

Notes

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  14. mollypoppins88 reblogged this from katethealmostgreat and added:
    Do y’all realize that this is going to drive the cost of college ridiculously high? IT’S CALLED THE BASIC LAWS OF SUPPLY...
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  21. knowyourchaos reblogged this from aseriesofnouns and added:
    I have a feeling the government wont pass this. Even though its the fairest fucking option.
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