Memo To Republican Parents of College-Age Children: When federal student loan rates double this July, you’ll only have yourselves to blame:
Senate Republicans filibustered a bill to extend the current interest rate on federal student loans, blocking an extension from moving forward by a vote of 51-43 (with 60 votes needed to advance the bill). They blocked a similar effort earlier this month. Without an extension, interest rates will double in July from 3.4 percent to 6.8 percent.
Limerick Memo To Republican Parents
By Madeleine Begun Kane
Sen. Republicans live in a bubble,
Untroubled that loan rates will double:
They repeatedly block
A Dem bill that would lock
In low rates, treating students like rubble.