Hey American Students! Remember When the Republican Party Liked You?
"The rapidly mounting enrollments and costs of colleges and universities deprive many qualified young people of the opportunity to obtain a quality college education. To help colleges and universities provide this opportunity, we favor grant and loan programs for expansion of their facilities. We will also support a flexible student aid program of grants, loans and work opportunities, provided by federal and state governments and private organizations. We continue to favor tax credits for those burdened with the costs of higher education, and also tax deductions to encourage savings for this purpose. No young American should be denied a quality education because he cannot afford it or find work to meet its costs". -
US Republican Party Platform, 1968
"The biggest banks in the country – the ones that wrecked our economy and cost millions of
Americans their jobs – pay next to nothing on their debt, while students pay nine times as
The Bank on Students Loan Fairness Act lets students take advantage of the same low interest
rates offered to banks through the Federal Reserve discount window:
Sets Interest Rates for Government Loans to Students at the Same Level as
Government Loans to Banks. The Act would provide a one-year fix to the impending
interest rate hike by setting the rate for federal subsidized Stafford loans at the primary
interest rate offered through the Federal Reserve discount window as of July 1, 2013.
Funded by the Federal Reserve, Administered by the Department of Education. The
Federal Reserve would make funds available to the Department of Education to make
these loans. While the Federal Reserve would now provide funding, the Department of
Education would continue to administer all other aspects of the federal subsidized
Stafford loan program in the same manner as it currently does".
- US Senator Elizabeth Warren, 2013