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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSen. Warren applauds Obama's executive order on student loans, says he needs more help from Congress
Obama has endorsed Warren's new student loan refinancing bill:
Obama Endorses Sen. Warrens Student Loan Refinancing Bill
By Asma Khalid June 9, 2014
BOSTON Massachusetts U.S. Sen. Elizabeth Warren on Monday applauded President Barack Obama for signing an executive order that will alleviate the burden of soaring college debt for millions of Americans.
He is taking the steps he can take through executive action, Warren said.
But the Massachusetts Democrat also insisted more reform is needed.
Hes doing good things on loan servicing, but those are all first steps, she said. We still have to deal with over $1.2 trillion in outstanding student loan debt. Have to deal with the high interest rates. The president cant do that alone. Thats going to require action by Congress.
http://www.wbur.org/2014/06/09/obama-warren-student-loan-refinancing
Cali_Democrat
(30,439 posts).
yeoman6987
(14,449 posts)I think only the federally secured loans can be charged lower rates. Many students get private financing. Also once a new President comes in do they change the rules back to original in January 2017 (God forbid a Republican is President)?
sheshe2
(83,746 posts)Good step forward, yet as they both know, not much more can be done without congress.
Cali_Democrat
(30,439 posts)Now is the time for Congress to act.
This kind of legislation is extremely popular.
We need to make sure there's a vote on it.
giftedgirl77
(4,713 posts)Way to go Senator Warren & President Obama..
4139
(1,893 posts)... Go Warren!!!
Exactly 4139 ------- If Banks can get federal money at zero interest to finance credit cards with out signing up for Afghanistan
duty, we should be able educate our kids at a better rate..
Cha
(297,154 posts)help in Congress! and, you know what that means?
thanks Cali!
riqster
(13,986 posts)Should be an OP.
Cha
(297,154 posts)riqster
(13,986 posts)sheshe2
(83,746 posts)tclambert
(11,085 posts)Because then the Republicans, in order to oppose his wishes, would have to actually help him.
And that's how you play 11th dimensional chess.
hopemountain
(3,919 posts)is very effective with toddlers and 5 year olds.
MannyGoldstein
(34,589 posts)I look forward to his continued efforts in this regard, and hopefully an end to the TPP, TTIP, and the other attempted assaults on us
Fearless
(18,421 posts)1StrongBlackMan
(31,849 posts)is/has been doing to help the 99%. I look forward to your continued efforts in this regard, and hopefully put an end to introducing unrelated issues into positive threads and other assaults this President.
SunSeeker
(51,550 posts)riqster
(13,986 posts)1StrongBlackMan
(31,849 posts)I like the DUer's suggestion that someone should send this out: "republicans block Democrats bill to reduce interest rates on college loans (and I would add, 'just like republicans blocked Jobs and Infrastructure repair')" to every cell phone in America, once a week until November 2014.