WASHINGTON – In an escalating election-year clash, the House will vote Friday on a $5.9 billion Republican bill preventing interest rates on federal student loans from doubling this summer, paid for by cutting money from President Barack Obama's health care overhaul law.
Student loan activists in New York and some 20 other cities are gathering Wednesday, when student debt is expected to cross the trillion-dollar threshold. Among their student loan proposals: The federal government should cover all higher-education costs.
In TODAY'S economy (not 20 years ago, 20 years from now)... isn't the low interest rate provided students akin to the 'easy money' afforded to home buyers which turned into poop for the country?
Education is of course very important - and can be garnished in many ways... but do you think the government should keep these student loan interest rates so low? What's the true payback with such unemployment among grads?