Democrats Hike Interest Rates on Student Loans
Liberals love more money coming in from tax payers.
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Okay, here’s the student loan news. “A Senate bill,” and Democrats run the Senate “A Senate bill that would freeze a low interest rate on one type of federal student loan for another year, along with buying lawmakers more time to craft a long-term strategy for setting all education loan interest rates, failed to clear a procedural vote Wednesday afternoon. That bounces the issue back to negotiations yet again, as lawmakers try to reach a consensus before the August recess, at which point most students will have to lock in their loans for the coming school year. The vote was 51 in favor and 49 opposed, not enough to advance the bill. The failed key test vote came after contentious discussions Tuesday, much of it between Democrats who have been split on the issue.”
Split on the issue? Why, what does that tell you? Why, that tells you that some Democrats want the student loan interest rate kept at 6.8%.