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04-21-2012, 01:17 PM
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Quote:
Originally Posted by Bucco
I honestly dont look for this stuff, but in my reading this morning I find this and it is SO TYPICAL...how does anyone not know what is happening..
"Eager to energize young voters, President Barack Obama is depicting Republicans as obstacles to an affordable college education as he previews an argument he will make on university campuses next week in states crucial to his re-election.
Obama wants Congress to extend a law that cut interest rates on a popular federal loan program for low- and middle-income undergraduates. If the law expires, the rates will double on July 1, from 3.4 percent to 6.8 percent."
"Obama blames Republicans for voting against new ways to make college more affordable for middle-class families. But it was House Democrats who cut interest rates on the school loans in 2007 and included an expiration provision that placed the looming increase in the middle of an election year."
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This past week more news on that subject came out: On Wednesday, Rep. Karen Bass (D-Calif.) introduced an amendment to the Ryan budget that would prevent the interest rate from doubling ,a measure unlikely to get through committee.
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