Thursday, April 26, 2012

Two Parties Find a Way to Agree, and Disagree, on Student Loan Rates


I've read "Two Parties Find a Way to Agree, and Disagree, on Student Loan Rates" by Peter Baker and Jennifer Steinhauer. From what I've read the main issue in this article is that the democrats and republicans are disagreeing on a circumstance. What is the circumstance you ask? What theses two parties are having an issue of is ways of paying student loans. What both parties do agree on is they both don't want a steep increase in the student loan interest rate. President Obama is mad that the republicans do not want to help when it comes to paying off student loans, he stated them as "unsympathetic to college students in need". The republicans response to that was that the Obama and the rest of the democrats are "playing politics with the issue and trying to raise taxes on small businesses to pay for the subsidized rate". If congress and the White House do not come to a settlement about the issue the student loans will double 6.8% by July 1, 2012, which affects every college student in some way. Heck, it affects me! I plan on taking summer courses. Each plan was devised in a way to make it unpalatable for the other party to vote for it, thus setting the stage for a potentially protracted fight over how to finance the student loan measure. It was a reflection of the fact that Republicans do not want to have the fight Mr. Obama seemed eager for.



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