Friday, May 10, 2013

Activism email - Students getting better interest rates

This activism drive is to get Congress to pass legislation requiring students getting loans for collage occur at a rate no more than the interest levels banks get for loans from the Federal Government.

Honestly, college should be free at all state schools. I don't understand how our country can hope to be competitive if our students don't have access to every educational opportunity.

This is from the email:


Like many of your family and friends, I paid for college with student loans. I'm happy to have done it (well, maybe not happy), because it was an investment in my future, and would allow me to give even more back to society.

So it really pissed me off to learn that Congress is set to double the cost of student loans from 3.4% to 6.8% --while offering huge corporate banks the low rate of 0.75%.

You read that right. Congress punishing young men and women looking to start their careers and families, while offering the biggest banks a 900% discount.
Here's what Sen. Elizabeth Warren had to say about that:
"As a country, every time we advance money to the big banks at low interest rates, we invest in those banks. We should be making at least that same kind of investment in our students."
She's right -- and she just introduced her first bill to the Senate to fix this absurdity.

Back up Sen. Elizabeth Warren -- become a citizen co-sponsor of her bill to give students the same ultra-low interest rates as big banks.


We elected Sen. Warren because this is exactly the sort of progressive leadership we need -- standing up to Wall Street, giving a voice to the middle class, and pushing the sort of common sense solutions that we need to get the country back on track.

She's doing her part. Now, she needs our help to make her first bill become law.

Become a citizen co-sponsor of Sen. Warren's bill right now.


Thank you for everything you do.

- Arshad

Arshad Hasan, Executive Director
Democracy for America

And then this was from the sign-up page:

Back up Sen. Elizabeth Warren

Get this: Student loan interest rates are about to double to 6.8 percent. But big banks? They’re getting a sweet, sweet deal on borrowing money from the Fed: 0.75 percent.

No, that’s not a typo. Students will be paying 900 percent more than the biggest banks on Wall Street to borrow money.

Here’s what Sen. Elizabeth Warren had to say about that:
“As a country, every time we advance money to the big banks at low interest rates, we invest in those banks. We should be making at least that same kind of investment in our students.”
She’s right -- and she just introduced her first bill to the Senate to fix this absurdity.

Back up Sen. Elizabeth Warren -- become a citizen co-sponsor of her bill to give students the same ultra-low interest rates as big banks.