Problem :: The debt ceiling bill ended the interest subsidy on Federal Stafford Loans taken out by graduate students.

The debt ceiling bill ended the interest subsidy on Federal Stafford Loans taken out by graduate students.

2,606 Views / Posted by Anonymous

Education

Taxes

Banking & Finance

As a graduate student, I've already gotten notice from my school that I will lose this subsidy starting next year. I can expect to owe $5000 more on my loan by the time I graduate, and $11,000 more over a 20-year repayment period. It sickens me that educational money like this is getting cut, jeopardizing the education of our nation's future, when there is so much other money that the government isn't willing to collect. Billionaires still pay taxes at a lower rate than my working-class mother.

Supporters: Eric Teasley, Jonathan Wallis, Lisa Matulevicz

Opponents: None

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Ed Bradford / November 6, 2011 at 7:04 PM EST

Fed Gov should not be involved in any way in student loans. They provided me nothing. Why should I provide for other students?
(I agree, stop subsidizing Oil, but reduce all taxes with savings).

Solutions

Add a Solution

1		Reinstate the subsidy.
		The funds lost by reinstating the subsidy could be taken from less important things than educating our nation's students. Tax the rich (who don't have to take out any Stafford loans), or stop subsidizing the oil companies.


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