“Elizabeth Warren wants Federal Reserve to subsidize student loans”


Robby Soave

Reporter, The Daily Caller News Foundation

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Massachusetts Democratic Sen. Elizabeth Warren introduced legislation this week that would increase federal student loan subsidies by lowering interest rates for a year and funding them through the Federal Reserve.

The bill is called the Bank on Student Loans Fairness Act, and represents Warren’s solution to the student debt crisis. It would set interest rates for federally-subsidized student loans at 0.75 percent for one year.

The current interest rate is 3.4 percent, but will double on July 1st unless Congress intervenes.”  [QUOTE]

Read more: http://dailycaller.com/2013/05/10/elizabeth-warren-wants-federal-reserve-to-subsidize-student-loans/#ixzz2T53Wj4RD

One thought on ““Elizabeth Warren wants Federal Reserve to subsidize student loans”

  1. They’re already subsidized seven different ways to Sunday. And now another directly from the Fed? I wish she’d suggest that the subsidy to Big Banking be eliminated.

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