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Major Win for Students…NO Increase in Interest Rates

Posted by: Madame Smith    Tags:  congress, education, interest rates, President Obama, student loans    Posted date:  July 2, 2012  |  No comment


July 2, 2012

Students and supporters of higher education spoke up to their representatives and Congress had no choice but to listen. Just before breaking for holiday recess the House and the Senate voted on measures to appropriate money for highway construction & repairs and most importantly to NOT DOUBLE FEDERAL STUDENT LOAN INTEREST RATES!!!!!!

Both sides of the aisle came together on this one, with overwhelming majorities on the issues- House vote 373-52 and the Senate 74-19. Wondering if this sudden urge to work together has anything to do with the election thats 4 months away? (our thoughts also) but however and whatever we’re glad to see that Congress is using the common sense we were all given.

President Obama signed a temporary bill into law on Friday to ensure that the highway projects would still receive funding & no interest increase would happen over the next month. The permanent law will be signed at a later date most likely in accordance with the upcoming fiscal year.

Last the end of last week proved to be major win for President Obama, with the Supreme Court upholding the Affordable Care Act, and these measures passing… great look for the administration, let’s just hope it reflects in his approval ratings. Even with all of the positive floating around, right-wingers wouldn’t allow too much shines as the vote was taken to hold Attorney General Eric Holder in contempt of Congress. We all know that politics & perfection are like vinegar & oil, they don’t mix! So we’ll take the loss of that small battle because the ultimate goal is to win the WAR in November.

To all the students who called, wrote and encouraged others we applaud you; and to those who didn’t recognize the strength in numbers, our political system is faulty sometimes but politics is nothing without the people! Their job is to represent us, make sure you’re holding your representative to it!

Any thoughts?- Spill the beans below…

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