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Received this e-mail from Congressman Mark Takano (D. CA-41) regarding student loan interest rates:
As a high school teacher, this time of year has always been bittersweet for me.  The school year is wrapping up, books are being turned in, lockers cleaned out, and California's high school seniors are getting ready to move on to the next step of their education.

Seeing the potential of so many young adults, I am mixed with optimism and concern.  These outstanding individuals can accomplish so much, yet the reality is that they will be faced with crushing student loan debt when they graduate from college.  In fact, on July 1st, student loan rates will double from 3.4% to 6.8% if Congress does not act.

Will you add your name to mine and demand that these rates do not increase?

Every American deserves the chance to go to college. But, the high cost of student loans means that far too many aspiring young people can no longer afford an education after high school.

Tell Congress that Inland Empire students deserve fair loans.  We owe it to the future of our country.

Class dismissed.

- Mr. Takano

You can sign Takano's petition here:

Originally posted to pdc on Thu May 23, 2013 at 06:00 AM PDT.

Also republished by California politics.

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Comment Preferences

  •  Tip Jar (0+ / 0-)

    Funny Stuff at

    by poopdogcomedy on Thu May 23, 2013 at 06:00:15 AM PDT

  •  Actually, the United States NEEDS an educated (0+ / 0-)

    populace, more than individuals need to be educated. Therefore, the public should fund the education of individuals whose intellectual aptitudes or physical talents qualify them for enhancement. Expecting students to fund their own education is an example of exploitation -- of one person bearing the cost of another person's benefit.

    Private cost for public benefit in this case does not cancel out the more usual public cost for private benefit when the issue is the distribution of natural resources.

    That said, the Congress charging for dollars doled out to students even as dollars doled out to banks are virtually free is patently unfair. Indeed, Congress, which is tasked with managing the currency, making dollars routinely available to banks so they can lend them back to the Treasure and collect a substantial dividend is grossly unfair. Excusing it with the rationalization that dollars have to be collected from the public or the banks before they can be spent is a fraud. Congress laundering dollars through the Federal Reserve to disguise its own obligations to manage is an example of legal crime because they are depriving the citizens of the services (theirs) for which they have already paid. Congress gets paid to serve. When it issues demands instead, it is being insubordinate.

    Citizens ought not to be signing petitions. They ought to be issuing demands to Congress to deliver what they've been paid to do -- serve.

    We organize governments to deliver services and prevent abuse.

    by hannah on Thu May 23, 2013 at 06:59:51 AM PDT

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