By DIANA JEAN SCHEMO
Published: January 13, 2007
WASHINGTON, Jan. 12 —
House Democrats on Friday unveiled a bill that would cut interest rates on federally subsidized loans to college students by half over the next five years.
They said they would finance the $6 billion measure by increasing costs that lenders pay to the government and reducing the largest lenders’ government-guaranteed profits.
This is good news - but why will it take 5 years? Doesn't take that long to give themselves a raise..does it!
Jan 13, 2007
House Democrats Propose Cut in Student Loan Rates
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Don't worry... the educator in chief will veto the bill anyways. F*ck the students... the banks need some protectin. Sigh.
Oh Yea, the rich get rich and the poor get poor! At least they are taking a look at the current Student Loan situation-any little bit helps!
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