Senate balks at taking up student loan bill

Money2Student loans are going to double as of July 2013. They are going to double because congress and the president said they would double. These are loans that can not be expunged for any reason and the IRS monitor’s arrears payments.

Much of the money held in the student loan process is held by private banks. These are banks the government lends money to at below 1 percent. Yet, student loans are set to go to 6.8 percent. Tell me there is not something wrong with this picture.

It is simple, the argument could be made that Wall Street owns the national congress and the president of these United States. You only have to look at campaign donations to see what kind of investment Wall Street is making in the Congress and Executive Branch.

http://money.cnn.com/2012/05/08/pf/college/Congress-student-loans/index.htm

This entry was posted in Corruption, Education, Politics, The Problem. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s