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"Obama's Student Loan Plan Mirros the Housing Crisis"
"Remember what happened last time government interfered with interest rates?"
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Blog

Obama's Student Loan Plan Mirrors the Housing Crisis

As I wrote some time ago, the market for student loans is a mess that is rapidly heading for a painful correction. The Obama administration’s misguided quest to provide higher education for all has distorted the cost calculations of college to a devastating degree. Yet, rather than recognize the dangerous bubble he has created, the president is now doubling down—backing a policy dreamed up by Elizabeth Warren to allow the refinancing of student loans en masse at current interest rates, and making up the cost with the “Buffet Rule,” a special provision that would ensure that millionaires pay a minimum income tax rate.

06/10/2014
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Key Vote

Key Vote NO on Senator Warren's Tax-and-Spend Student Loans Bill

As one of our over 6 million FreedomWorks members nationwide, I urge you to contact your senators and ask that they vote NO on the Bank on Students Emergency Loan Refinancing Act, S. 2432. This bill would continue the total federal takeover of student loans, funded on the back of further tax increases.

06/10/2014
"Is the Student Loan Bubble About to Burst?"
"Yes. Yes it is."
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Blog

Student Loans Are Another Bubble Ready to Burst

If there’s one group of people who are getting a raw deal these days, it’s the young. The unemployment rate among 16- to 19-year-olds is a whopping 19.1 percent, ObamaCare is raising the costs of health insurance for young people by compelling them to subsidize their parents and grandparents, and the current generation of politicians continues to rack up debt that will one day have to be paid for at future generations’ expense.

05/21/2014
Oregon's Plan To Set Up A College Tuition Ponzi Scheme
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Blog

Oregon's Plan To Set Up A College Tuition Ponzi Scheme

A lot of ink has been spilled in covering the latest cockamamie idea coming out of Oregon; the so-called 'Pay it forward, Pay it back' college tuition scheme. What's striking is that the state legislature and one US Senator are giving serious consideration to what amounts to a Social Security style Ponzi Scheme - a massive redistribution plan that is doomed to fail.  This is all in an effort to create a utopian pipe dream that would magically erase the terms 'debt' and 'tuition' from our lexicon when discussing higher education.

08/22/2013
Capitol Hill Update, 29 July, 2013
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Blog

Capitol Hill Update, 29 July, 2013

Capitol Hill Update, 7-29-2013House& Senate/Schedule: Both chambers are in session this week, after which both will leave town for five weeks for the annual August recess. The session will resume on September 9th.

07/29/2013
Bipartisan Student Loan Agreement Sells Out Students
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Blog

Bipartisan Student Loan Agreement Sells Out Students

Here it comes again, the “great sell out” of American students. The Senate has arrived, once again, to “save” college students by extending artificially cheap interest rates to them. Politicians warn that without passing legislation, students are going to face major cost increases. Couched as the moral, right, and compassionate thing to do, the legislation they’ve cooked up is merely a cover for selling out our students. 

07/24/2013
Capitol Hill Update, 22 July, 2013
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Blog

Capitol Hill Update, 22 July, 2013

Capitol Hill Update, 22 July, 2013House & Senate/Schedule: Both chambers are in session this week, and will remain so until August 2nd.

07/22/2013
Capitol Hill Update, 8 July, 2013
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Blog

Capitol Hill Update, 8 July, 2013

Hill Update, 8 July 2013Schedule: The House and Senate are both back in town for four weeks.  They will then go into their long August recess, starting August 2nd.

07/09/2013
Doubling of Student Loan Interest Rates Not What It Appears
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Blog

Doubling of Student Loan Interest Rates Not What It Appears

After Congress failed to reach a compromise before the July 4th recess, student loans subsidized through the Federal Direct Stafford Loans program will see interest rates double from 3.4% to 6.8%. Pundits and the media have been reporting this as “Congress’s failure to act,” and a “catastrophic increase” on students. However, there are several reasons this “failure to act” is a good thing. 

07/08/2013
Capitol Hill Update, 20 May, 2013
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Blog

Capitol Hill Update, 20 May, 2013

Capitol Hill Update, 20 May, 2013House & Senate/Schedule: Both chambers are in session this week, and will then be out of town next week for Memorial Day.  After the break, the House and Senate will both return to town on June 3rd for a grueling four-week stretch.

05/20/2013

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