Cankles will have a challenger in 2016
Via CNSN
Sen. Elizabeth Warren (D-Mass.) says she plans to introduce legislation that would tax the wealthy more and use the money to refinance high-interest student loans. Warren also said she’ll look for ways to “meaningfully reduce college tuition.”
“Dollar for dollar, we can invest in billionaires, or we can invest in our students,” Warren said in a speech on the Senate floor last week.
Warren said the problem of skyrocketing college costs is “made worse by a federal student loan program with high interest rates that will produce obscene profits for the U.S. government.”
She plans to introduce legislation that allows borrowers with older, higher-interest loans to refinance at the lower rates currently being offered to new borrowers in the federal student loan program.