How much would you save on STUDENT LOANS under the Dem plan?

[Bill McBlueState]

http://edworkforce.house.gov/democrats/calculator.html

You enter your loan debt and the number of years you'll take to repay it, and right away you get back the precise dollar amount the Democratic plan will save you in costs.

This has to be one of the top reasons anyone under 35 would vote for Democrats.

[China_cat]

1. Hey, you save 100% under the repubs.

Because you're not likely to get a loan in the first place.

[deaniac21]

2. Where does the money come from?

[Bill McBlueState]

3. the money?

In short, Republicans cut federal funding to the student loan programs by raising interest rates to 6.8 percent for students and 8.5 percent for parents. Under the Democratic plan, the interest rate would be 3.4 percent for students and 4.25 percent for parents. Low-rate, accessible loans are the only way most middle and working class families are going to be able to pay for college.

All the computational details are here if you really want to see them:

http://edworkforce.house.gov/democrats/calculator_methodology.html

[deaniac21]

4. If the banks cut rates they lose money. Either the government will

take care of that shortfall or the rates will go up in other areas. There is nothing for free. I just wonder how this would work.

[jsamuel]

6. stop wondering and start looking

http://edworkforce.house.gov/democrats/calculator.html

"Over the last year, the Republican-controlled Congress dramatically cut benefits to higher education students – including a $12 billion cut from federal student aid programs to finance tax breaks for the wealthiest Americans. This cut, which comes at a time when families are already struggling with rising college costs, is the largest single cut to the federal student aid program ever."

The money was given to the millionaires in tax breaks. This is just undoing the damage.

http://edworkforce.house.gov/democrats/education_raidonstudentaid.shtml

Even more information:
http://edworkforce.house.gov/democrats/pdf/reverseraid.pdf


Sorry if I sound snippy, but I am just so tired of the "well where is the money going to come from" lazy argument. LOOK FOR IT. And when you show them, they don't want to see it. It really pisses me off.

[deaniac21]

7. Sorry, it was mbs's thread so I figured he would educate me and

save me some time. Thanks.

[jsamuel]

8. not my thread, someone elses, Sorry

I just had a flashback there. It was not directed at you. I was thinking of the 2004 Democratic debate where the moderator kept asking Mr. K "That's all well and good, but where is the money going to come from"... He then answered the question. Then the moderator asked "That's all well and good, but where is the money going to come from"... Then Al Sharpton jumped in and said, "He just TOLD you?!"

Again, sorry, it really was not directed at you. Just a sequence of words that made me flashback.

[Bill McBlueState]

9. sorry, I had to

work out and eat dinner and do the other things I usually do in the evening. :)

I think jsamuel said what I was going to say, though.

The rates the Dems propose are essentially a return to last year's rates, while Republicans want to keep them high.

[jsamuel]

5. I would save 8000 dollars over the next 10 years

go Dems