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View Diary: Elizabeth Warren: Students should get the same loan rate as big banks (164 comments)

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  •  Note that this (1+ / 0-)
    Recommended by:
    Eyesbright

    is a short term fix, for a year, until Congress actually figures out loan rates.

    And it's funded by the Fed.

    Funded by the Federal Reserve, Administered by the Department of Education. The Federal Reserve would make funds available to the Department of Education to make these loans. While the Federal Reserve would now provide funding, the Department of Education would continue to administer all other aspects of the federal subsidized Stafford loan program in the same manner as it currently does.

    "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." —Warren Buffett

    by Joan McCarter on Wed May 08, 2013 at 10:48:26 AM PDT

    [ Parent ]

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