The U.S. Senate recently failed to pass the Bank on Students Emergency Loan Refinancing Act (S. 2432). The bill, introduced by Senator Elizabeth Warren (D-MA), sought to allow students who took out student loans to refinance permitting them to take advantage of new (and lower) interest rates established for students who applied for federal loans […]
Tag: student loans
I am pleased that the President’s FY14 Budget addresses the student loan crisis in our country. From leading the world into the age of democracy to spearheading the technological revolution, America has always been at the forefront of greatness.
I recently hosted an education event in which I invited Martha J. Kanter, Under Secretary of the U.S. Department of Education, and Dennis M. Walcott, Chancellor of the New York City Department of Education, at Frederick Douglass Academy, my alma mater, in Harlem.
It is extremely difficult to get a decent job in today’s economy without a college degree. As the cost of tuition rises, students are forced to take out larger loans to pay for school. America’s college students are finding themselves signing away their destinies just so they can have more opportunities to succeed in life. […]