By Gabriella Landeros
A collection of House Democrats Wednesday scoffed at Republicans for opposing legislation to prevent interest rates on student loans from spiking based on a $6 billion price tag but simultaneously voicing support for the Ryan budget.
During a press conference, House Democratic caucus chair Rep. John Larson (D-Conn.) noted that the Ryan plan represents a “$46 billion windfall for the wealthiest.”
Rep. Xavier Becerra, (D-Calif.), the caucus vice-chairman, echoed the complaint.
“$46 billion added to the deficit should it become law and they did it without a blink,” Becerra said. “Yet here we see 7 million students about to see the costs of going to college increase where it could lead them to have to decide not to continue with their education.”
If Congress fails to act, recipients of Stafford loans will see their interest rates spike from 3.4% to 6.8%.
Read the original article on the Talk Radio News Service site.
No comments:
Post a Comment