Senators Reach Deal on Student Loans

AP ^ | 07.17.13 | By PHILIP ELLIOTT Associated Press

[Perdogg]

Heading off a costly increase for returning college students, a bipartisan group of senators reached a deal Wednesday that would offer students better rates on their loans this fall but perhaps assign higher rates in coming years.

The deal would offer students lower interest rates through the 2015 academic year, but then rates were expected to climb above where they were when students left campus this spring. The interest rates would be linked to the financial markets, but Democrats won a protection for students that rates would never climb higher than 8.25 percent for undergraduate students. Graduate students would not pay rates higher than 9.5 percent and parents' rates would top out at 10.5 percent.

[Vigilanteman]

Could it be they love their revenue so much they’ll even screw the students they claim to love so much?

You must be a dangerous right-wing extremist because you have figured out the driving force in the nanny state mindset.

[i_robot73]

Yet another instance of gov’t round-robin:

Gov’t sticks its hand where it’s not allowed
Area of interest soon turns to sh!t
Cries from those in said area of sh!t status
Gov’t makes worse area where it’s not allowed with ‘tweaks’
...rinse and repeat.

And, the GOP goes along for the ride. NEVER is the option/solution brought up ‘remove gov’t intervention’...Just WHERE is this ‘smaller gov’t’ party I keep hearing about?

[DPMD]

Shh-h-h. Someone’s listening.