Republicans Block Student Loan Bill

Senate Republicans on Wednesday blocked legislation aimed at letting people refinance their student loans at lower rates. The 56-38 vote fell short of the 60 that would have been needed to advance to debate on the measure by Sen. Elizabeth Warren, D-Mass.

Her bill would have let millions of borrowers, some with years-old debt and interest rates topping 7 percent or more, refinance at today’s lower rates. The bill would have been paid for with the so-called Buffett Rule, which sets minimum tax rates for people making over $1 million.

Please donate so we can place ads all over the internet to help raise public awareness about important issues such as this.
[paypal-donation]