#union #iww #occupy #ows #p2 #p21 #tlot #tcot #TeaParty 

Student Loan Deadline Looms


"As the deadline of July 1 approaches for preventing student Stafford Loan rates from doubling to 6.8 percent, it seems less and less likely Congress will be able to push any legislation through to help our students. Student groups are concerned, certain members of Congress are concerned, and even economic experts are sending out warnings about what the increasing amount of student debt could to do our economic recovery ... [United States Students Association's] demands are simple – one permanent 3.4 percent interest rate for the federal subsidized Stafford Loan, mandatory Pell Grant funding, income-based repayment as the default option for borrowers, and the ability for private student loan debt to be discharged under bankruptcy law."

RELATED: http://www.dailydemocrat.com/ci_23509918/states-take-aim-at-student-debt-july-1-deadline-looms