The US Senate is considering a new proposal to address the crisis of student debt, which is expected to get worse after interest rates on federal loans doubled to 6.8 percent at the beginning of July. After a bill to keep the rate at 3.4 percent for one more year failed on Wednesday, Republican and Democratic lawmakers are introducing legislation that would lower rates for now, but allow them to increase exponentially over time. Progressive politicians and student groups are blasting the proposal. They’re calling on Congress to take sweeping action to make education affordable for everyone. On Capitol Hill, FSRN’s Alice Ollstein reports.

The US Senate is considering a new proposal to address the crisis of student debt, which is expected to get worse after interest rates on federal loans doubled to 6.8 percent at the beginning of July. After a bill to keep the rate at 3.4 percent for one more year failed on Wednesday, Republican and Democratic lawmakers are introducing legislation that would lower rates for now, but allow them to increase exponentially over time. Progressive politicians and student groups are blasting the proposal. They’re calling on Congress to take sweeping action to make education affordable for everyone. On Capitol Hill, FSRN’s Alice Ollstein reports.

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    This fucking shit is why I’m so goddamn afraid to go back to UT after spending this year at ACC. Even if I manage to...
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    So, in a few years it’d be the same bullshit all over again? Fuck that.
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