Senate Republicans Block Vote On Student Loan Interest Rates.....

[MMC]

Did the Press make sure that in this pic the Arab was shown?

Senate Republicans Tuesday afternoon blocked the advancement of a Democratic bill to extend the current student loan interest rate over objections to how the measure will be funded.
Members voted 52 to 45 to block cloture on the bill, which would hold Stafford student loan interest rates for an estimated 7.4 million students at 3.4 percent instead of allowing them to double in July. The Democrats' $6 billion bill would be funded by closing a tax loophole, thereby raising Social Security and Medicare payroll taxes on select wealthy stockholders of private companies—hence the Republican opposition.

The Republican-led House passed its own measure to fix the student loan interest rate on April 27. That measure cut the Prevention and Public Health Fund in the president's health care law in order to pay for the extension—a decision that led to a veto threat from President Barack Obama and left the legislation with little hope of advancement beyond the House. Republicans have been requesting a Senate vote on the proposal.

Absent an extension, interest rates are set to rise July 1......snip~

http://news.yahoo.com/blogs/ticket/s...163511302.html

Also isn't part of the Democrats bill to forgive those their debt included in this too?

[Alias]

You big meanies. Now we have a "war on students".

[MMC]

You big meanies. Now we have a "war on students".

Yeah yeah.....were just big mean poopy pants type of people, that likes to steal candy from the mouths of Liberal and Progressive babies.

[Peter1469]

My federal student loans were at 7.5%.

[a777pilot]

The Federal government has no business in the student loan business.

I wonder if you know where the profits from the interest rates on these student loans goes?

[a777pilot]

My federal student loans were at 7.5%.

The chances are that your student loan was not from the Federal government but only guaranteed by the Federal government.

[Peter1469]

The chances are that your student loan was not from the Federal government but only guaranteed by the Federal government.

No, I went to law school from 1995-1998. My Stanford federal loans were at 7.5%. My Pell loans were at 5%. My private loans were at 6%. I ended up with $86K in loans (no undergrad loans) and paid them off at the end of 2009.

[a777pilot]

No, I went to law school from 1995-1998. My Stanford federal loans were at 7.5%. My Pell loans were at 5%. My private loans were at 6%. I ended up with $86K in loans (no undergrad loans) and paid them off at the end of 2009.

Good for you.

[Peter1469]

Good for you.

Thanks. It was a mobilization to Iraq from June 07-June 08 that allowed me to save up the money to pay it off.

[a777pilot]

Thanks. It was a mobilization to Iraq from June 07-June 08 that allowed me to save up the money to pay it off.

LOL!

I know what you mean. I can remember writing checking for my loans when I was in Vietnam. I, too, paid off all my loans. Today the "student" don't seem to think they have to pay anything back. It is just owed them.