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Cisco Systems, Inc. Message Board

  • dumb.ivan dumb.ivan Jun 28, 2013 10:21 AM Flag

    GOP war on students

    The Senate adjourned Thursday night for the July 4 recess without approving a student loan rate package.

    With the current, 3.4 percent interest rate on Stafford loans -- the most popular funding for college students – set to expire on July 1, a host of 11th-hour fixes all failed to generate support from both sides of the aisle. Without new legislation -- either to extend the cap, set a new one or find another way to peg the loans – the cap rises to 6.8 percent. Congress could always forge a solution in the following days, even lowering rates retroactively.

    Democrats have sought to keep interest on Stafford loans low, saying poor and middle class students need the help to get college educations. Republicans, seeking to cut, or at least control spending, have proposed linking student loans to the financial markets instead of letting Congress set federal lending rates.

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    • Really? In the democrat controlled Senate? The GOP runs the agenda? simply amazing.

      Sorry dude, your man Harry said it ain't happening. Won't even let it come to the floor for a vote. But somehow, it's those nasty Republicans that are causing it. BTW, pesky fact, the Republican controlled House has already passed a plan that looks remarkably similar to the original proposal first forwarded by your president.

      democrat fumble.

    • It's going to rough paying those loans back when you graduate and the only jobs available are at McDonalds.

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