{"id":35445,"date":"2013-05-09T07:24:49","date_gmt":"2013-05-09T14:24:49","guid":{"rendered":"http:\/\/uprisingradio.org\/home\/?p=35445"},"modified":"2013-05-09T07:24:49","modified_gmt":"2013-05-09T14:24:49","slug":"globalpost-elizabeth-warren-charge-students-same-loan-rate-as-banks","status":"publish","type":"post","link":"https:\/\/uprisingradio.org\/home\/2013\/05\/09\/globalpost-elizabeth-warren-charge-students-same-loan-rate-as-banks\/","title":{"rendered":"GlobalPost: Elizabeth Warren: Charge students same loan rate as banks"},"content":{"rendered":"<p>Students taking out government loans for college should pay the same rock-bottom rate as the nation&#8217;s biggest banks, Sen. Elizabeth Warren proposed today.<\/p>\n<p>Her proposal, titled the Bank on Students Loan Fairness Act, would allow the low-rate loans for one year to give Congress time to figure out a long-term solution to interest rates.<\/p>\n<p>Federal loan rates for new students are set to double on July 1 to 6.8 percent.<\/p>\n<p>Warren said it&#8217;s unfair that big banks can borrow money from the Fed and pay just 0.75 percent interest.<\/p>\n<p>&#8220;In other words, the federal government\u2019s going to charge interest rates nine times higher than the rates they charge the biggest banks &#8212; the same banks that destroyed millions of jobs and nearly broke the economy,&#8221; she said in a speech on the Senate floor.<\/p>\n<p>&#8220;That isn&#8217;t right.&#8221;<\/p>\n<p>Warren&#8217;s bill would cut student loan rates to that same 0.75 percent for the next year.<\/p>\n<p><a href=\"http:\/\/www.globalpost.com\/dispatch\/news\/regions\/americas\/united-states\/130508\/elizabeth-warren-student-loans-same-rate-banks\" target=\"_blank\">Click here for the full story.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students taking out government loans for college should pay the same rock-bottom rate as the nation&#8217;s biggest banks, Sen. Elizabeth Warren proposed today. Her proposal, titled the Bank on Students Loan Fairness Act, would allow the low-rate loans for one year to give Congress time to figure out a long-term solution to interest rates. Federal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[35],"tags":[],"class_list":["post-35445","post","type-post","status-publish","format-standard","hentry","category-important-news-stories"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/35445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=35445"}],"version-history":[{"count":1,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/35445\/revisions"}],"predecessor-version":[{"id":35446,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/35445\/revisions\/35446"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=35445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=35445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=35445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}