Solution :: Reinstate the subsidy.

Reinstate the subsidy.

2,221 Views / Posted by Anonymous

Education

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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.

Supporters: Eric Teasley, Javed Qadrud-Din

Opponent: Ed Bradford

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


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