Congress Scrambling for Solution with Stafford Loan Interest Doubling

With Stafford Loan interest set to double July 1, 2013, Congress is scrambling to come up with a solution. This Detroit Free Press article, by David Jesse, is an in depth discussion on how the government profits from these loans.

elizabeth-warren-stafford-loansShould the government be profiting or is Senator Elizabeth Warren right and students should be able to borrow at the same rate that banks borrow from the Federal Reserve (.75%).

Link: http://truth-out.org/news/item/17019-elizabeth-warrens-qe-for-students-populist-demagoguery-or-economic-breakthrough

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