U.S. Senate Republicans blocked Democrats’ proposal to cover the cost of a one-year freeze in government student loan interest rates by requiring some professional services firms to pay withholding taxes on their income.

The Senate, in a 52-45 vote with 60 required, didn’t advance the plan to avert a July 1 increase in college-loan interest rates to 6.8 percent from 3.4 percent. No Republicans joined Democrats in voting for the measure.

Republicans Block Student-Loan Rate Freeze

Let your GOP senators know exactly what you think about this.

(via barackobama)

Our economy is collapsing. How can we fix it? Oh I know! Let’s make college students pay for it!

Reblogged from barackobama with 557 notes / 08.05.12 / Permalink