Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.
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@55QNPG65yrs5Y
Yes, the government should not be making money on students getting an education
@2D5KCHQ5yrs5Y
Yes, and forgive all existing student loan debt.
@88LK76J4yrs4Y
No, but we should still reduce interest rates for student loans From public colleges and universities
@88LK76J4yrs4Y
No but we should still eliminate student loans from public colleges and universities.
@88LK76J4yrs4Y
No we should eliminate student loans from public colleges and universities.
@88LK76J4yrs4Y
No, but we should still reduce interest rates for student loans At public colleges and universities
@88LK76J3yrs3Y
No and ban student loans
@88LK76J4yrs4Y
No, but we should still reduce interest rates for student loans At public colleges and universities.
@7G3G2W33yrs3Y
Yes, but I prefer making college free
@2PR69DM4yrs4Y
No, but make all future college education tuition-free.
@8M94PFW4yrs4Y
No, and we should allow students to be able to apply for bankruptcy as with every other loan.
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