General Discussion

cynatnite

(31,011 posts) Fri Jun 22, 2012, 07:37 PM Jun 2012

Senate Leaders Reach Agreement To Prevent Student Loan Rates From Doubling

After two filibusters by Republicans, it seems that the Senate has finally come to an agreement on freezing student loan rates. Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) are apparently working out the final details on how they will cover the cost of the bill, which will prevent student loans from doubling this month. Methods to pay for it, according to the National Journal, “include Democratic proposals involving pensions. The deal also includes a GOP proposal to cut off subsidized student loans after six years, saving about $1.2 billion a year.”

http://thinkprogress.org/politics/2012/06/22/505100/senate-comes-to-agreement-over-student-loans/

3 replies

= new reply since forum marked as read

Highlight:

Senate Leaders Reach Agreement To Prevent Student Loan Rates From Doubling (Original Post) cynatnite Jun 2012 OP

k&r... spanone Jun 2012 #1

no details but excellent n/t IamK Jun 2012 #2

Although the rates won't double, the amounts will. longship Jun 2012 #3

spanone

(135,844 posts)

1. k&r...

Reply to cynatnite (Original post)

Fri Jun 22, 2012, 07:39 PM

Jun 2012

IamK

(956 posts)

2. no details but excellent n/t

Reply to cynatnite (Original post)

Fri Jun 22, 2012, 07:41 PM

Jun 2012

longship

(40,416 posts)

3. Although the rates won't double, the amounts will.

Reply to cynatnite (Original post)

Fri Jun 22, 2012, 07:45 PM

Jun 2012

That is the real tragedy of education cost. You can't run a university like a for profit business. Too fucking many University presidents are businessmen (yes, men) who understand only profits and not the difference of fund accounting.

And the idiots want to make all education for profit? A pox on all of them.

Reply to this discussion