More Than 250,000 Sign Petition Supporting Elizabeth Warren’s Bill To Charge Students The Same Loan Rates As Banks

A MoveOn.org petition from Senator Elizabeth Warren supporting her bill that would charge students the same rate for loans as banks already has more than 250,000 signatures.

Warren appeared on MSNBC’s The Last Word with Lawrence O’Donnell last week to discuss her proposal that goes further than keeping student loan rates from doubling to 6.8 percent on July 1. Her first bill as a senator would cuts rates to as low as .75 percent, which is the rate big banks currently pay the Federal Reserve for overnight loans.

She pointed to a recent report from the Federal Reserve that said student loan debt is threatening our recovery.

“We the taxpayers make an investment in our financial institutions,” Senator Warren said. “Can’t we make the same investment in students who are trying to get an education?”

The federal government makes 36 cents on every dollar it lends to students.

“The students are a profit center for the government right now, the kids out there struggling to get an education — but not those big financial institutions,” Warren said. “C’mon.”

Screen Shot 2013-05-12 at 9.50.12 AM

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Arizona Republicans Pushed Abortion Ban -- And Now They're Terrified

Kari Lake

Photo by Caitlin O'Hara/REUTERS

The Arizona Supreme Court ruling that restores an 1864 law banning abortion at any stage has Republicans scrambling to distance themselves from the archaic law. The result is some textbook examples of hypocrisy and Republicans screaming in frustration over the results of getting exactly what they insisted that they wanted.

Keep reading...Show less
Fox Buries Arizona Court Decision Ordering Near-Total Abortion Ban

Jesse Watters

Fox News’ evening “opinion” hosts completely ignored Tuesday’s ruling from the all-Republican Arizona Supreme Court reviving a 160-year-old state law that bans abortions under almost all circumstances, as the network continues its pattern of shielding viewers from stories that could damage Donald Trump’s presidential campaign.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}