Republican war spreads to students

[Crabtownboy]

And now the war spreads to students ............

Republican senators today filibustered the Stop Student Loan Interest Rate Hike Act. Their action threatens to create havoc with the economy, and wreck the country's future.

Student loans are not some kind of "entitlement," as Republicans have suggested. The loans become heavy debts. Students carry on average $25,250 in debt while facing the highest unemployment rate in recent history at 9.1 percent, according to projectstudentdebt.org. Two-thirds of college seniors graduated with loans in 2010.

Incredibly, student loan debt is estimated at $1 trillion, surpassing credit card and auto-loan debt!

If the rates are allowed to double, as projected, students will pay on average $1,000 more in interest on government-guaranteed Stafford loans.

That's $1,000 less for more productive spending than paying interest, spending that helps to create jobs.

http://peoplesworld.org/republican-war-spreads-to-students/

 

[Bro. Curtis]

This has already been posted on, sans spin....I'd be glad to discuss it with you, there.

 

[LadyEagle]

http://www.baptistboard.com/showthread.php?t=78625