Replies to post #227962 on Tornado Alley (PROG)

[fuagf]

Sen. Elizabeth Warren to reintroduce student loan refinancing bill

.. the bill is mentioned about 16:50 into the video this replies to .. and later Elizabeth says it has zilch chance of
passing unless "we" get out and fight for it .. so for that for you see the Legislative Action Center link at bottom ..

Posted September 4, 2014



by Colleen Flaherty

Sen. Elizabeth Warren’s commonsense bill to help millions of Americans struggling with student loan debt will be on the Senate floor again next week.

Take Action ›
Share your student loan story with us! Share your story. ›
http://educationvotes.nea.org/2013/05/15/share-your-story-degrees-not-debt/

“Exploding student loan debt is crushing young people and dragging down our economy,” said Warren.

The bill, Bank on Students Emergency Loan Refinancing Act .. https://www.govtrack.us/congress/bills/113/s2292/text, would allow those with existing federal student loans and private loans in good standing to refinance at a lower rate to make repayment more manageable. In order to offset the cost of refinancing, the bill would have implemented the “Buffet Rule,” a minimum tax rate of 30 percent for individuals with incomes of $1 million or more.

“With this bill, we show the American people who we work for in the United States Senate—billionaires or students.”

When the bill was introduced this summer, it failed to pass in the Senate .. http://educationvotes.nea.org/2014/06/12/student-loan-refinance-bill-fails-to-pass-in-the-senate/. On a call with Generation Progress .. http://genprogress.org/, Warren she urged voters to call their senators as the bill was short only two votes and received bipartisan support.

“When we break the filibuster, we say together, ‘This bill matters, this generation matters, your future matters,’” Warren said. “That’s what we can do here.”



Currently, more than 70 percent of America’s students borrow money to attend college, and the average student graduates from college owning nearly $30,000. Forty million Americans have student loan debt, which currently stands at a staggering $1.2 trillion, surpassing credit card debt.

“[Student loan debt] is stopping young people from moving out of their parents’ homes, from saving for a down payment, buying homes, buying cars, starting small businesses, saving for retirement, or making purchases that grow our economy. It doesn’t have to be this way,” said Warren.

“Allowing students to refinance their loans would put money back in the pockets of people who invested in their education.”

Tell your representative that America’s students deserve degrees, not debt!
http://capwiz.com/nea/issues/alert/?alertid=63208406

http://educationvotes.nea.org/2014/09/04/sen-elizabeth-warren-to-reintroduce-student-loan-refinancing-bill/

Good luck, guys!

[fuagf]

1:02:10 within are unions important chat, Warren and Krugman both 'unions built the middle class' .. also Krugman, 'being a boomer baby i always think of Joni Mitchell' ..

Joni Mitchell Big Yellow Taxi

"you don't know what you've got 'til it's gone", he said .. and to paraphrase Paul again, he included, 'we could have strong unions again if we wanted them.'