{"id":9570,"date":"2013-07-09T14:39:28","date_gmt":"2013-07-09T22:39:28","guid":{"rendered":"https:\/\/blogs.ubc.ca\/workplace\/?p=9570"},"modified":"2013-07-09T14:39:28","modified_gmt":"2013-07-09T22:39:28","slug":"elizabeth-warrens-student-loan-fairness-act-goes-to-vote","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/workplace\/2013\/07\/elizabeth-warrens-student-loan-fairness-act-goes-to-vote\/","title":{"rendered":"Elizabeth Warren’s Student Loan Fairness Act goes to vote"},"content":{"rendered":"

Huffington Post<\/em><\/a>, July 9, 2013– Elizabeth Warren’s proposal<\/a>, presented in May, would offer the same interest rate on federal Stafford loans as the one that banks receive from the Federal Reserve. Under her plan, the rate on government-issued student loans would fall from 6.8 percent to 0.75 percent, saving students thousands over the life of their loans.”<\/p>\n

“The proposal in Congress to extend current rates does not do enough to help students with mounting debt,” the professors’ letter reads. “Congress should address this urgent problem by passing Sen. Elizabeth Warren’s bill to let students borrow money at the same low rate as banks.”<\/p>\n

More than 1,000 college professors from 568 higher education institutions around the country have\u00a0signed a letter<\/a>\u00a0calling on Congress to pass legislation authored by Sen. Elizabeth Warren (D-Mass.) that would dramatically lower interest rates on federal student loans.<\/p>\n

\"\"<\/a><\/p>\n

Student Debt Crisis<\/a>\u00a0Team, July 9, 2013–\u00a0The U.S. Senate is finally expected to vote\u00a0<\/span>tomorrow<\/span>\u00a0on whether to keep interest rates low on students loans.<\/span>\u00a0\u00a0<\/span><\/p>\n

\"\"<\/a><\/p>\n

Because they failed to reach a deal by the July 1st deadline, rates have doubled from 3.4 to 6.8 percent. Unless reversed, this means the average student will owe an extra $1,000 per year of their loan, affecting nearly 7 million borrowers.\u00a0<\/span>\u00a0\u00a0<\/span>
\n<\/span>
\nIn light of soaring education costs and a tough economy for recent graduates, now more than ever is the time to keep college affordable.<\/span>\u00a0\u00a0<\/span>
\n<\/span>
\nPlease make this message clear by sharing this image now:\u00a0<\/span>http:\/\/bit.ly\/13HiPMu<\/span><\/a>
\n<\/span>
\nThank you for making your voices heard!<\/span>
\n<\/span>
\nSincerely,<\/span>
\n<\/span>
\nRob, Natalia, Kyle, Aaron & The\u00a0<\/span>Student Debt Crisis<\/span><\/a>\u00a0Team<\/span>
\nFollow us on\u00a0<\/span>Twitter<\/span><\/a>
\nJoin us on\u00a0<\/span>Facebook<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Huffington Post, July 9, 2013– Elizabeth Warren’s proposal, presented in May, would offer the same interest rate on federal Stafford loans as the one that banks receive from the Federal Reserve. Under her plan, the rate on government-issued student loans … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1527,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[554,747,2250,2258,635,2265,642,2266,5038,2273],"tags":[3344,1288933,1288930,1288953,1288954,1288961],"class_list":["post-9570","post","type-post","status-publish","format-standard","hentry","category-academic-freedom","category-academics","category-advocacy","category-equity","category-government","category-organizing","category-politics","category-protests","category-student-movement","category-students","tag-aaup","tag-academics","tag-government","tag-organizing","tag-protests","tag-students"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/posts\/9570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/users\/1527"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/comments?post=9570"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/posts\/9570\/revisions"}],"predecessor-version":[{"id":9573,"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/posts\/9570\/revisions\/9573"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/media?parent=9570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/categories?post=9570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/workplace\/wp-json\/wp\/v2\/tags?post=9570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}