July/12/2012 16:02PM
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At the eleventh hour before rates doubled on July 1, the Senate struck a deal to freeze interest rates on government-backed student loans. In other words, both parties  agreed on a $6 billion pander to youth vote. That $6 billion cost was sticking-point for Senators, but after a lot of hand wringing, they decided to Read the full article…

April/29/2012 18:55PM
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Dick Durbin wants to allow student loans to be part of bankruptcy. But, get this, only those student loans held by the private sector. Since Durbin and Obama changed the rules to have the federal government be responsible for all student loans, this is only about 7% of loans outstanding. Current laws exempt student loans from Read the full article…