Students should get the same interest rate banks get

May 132013

Elizabeth Warren introduces Student Loan Fairness Act.

from The Young Turks

"Senator Elizabeth Warren (D-MA) has just introduced a new bill, the Bank on Students Loan Fairness Act, to offer student loans at the same rates that the Federal Reserve charges big banks through its discount window lending program. At the moment, that rate is about 0.75 percent. The rates on federally guaranteed student loans, meanwhile, is set to double to 6.8 percent this summer."*

Elizabeth Warren introduced her first bill as senator– and it would effectively make the student loan interest rate the very same rate bankers enjoy. Could this draw more attention to the big banks?

Cenk Uygur, Michael Shure (The War Room), and John Iadarola (TYT University) discuss Elizabeth Warren's Bill.

Reference
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About The Young Turks

TYT Network is a Multi-Channel Network of online video talk shows, consisting mostly of TYT owned-and-operated shows and a select group of outside partners.The network generates over 30 million views per month and has over a billion lifetime views. The flagship program in the network is The Young Turks, hosted by Cenk Uygur and Ana Kasparian. The Young Turks is the largest online news show in the world, covering politics, economics, pop culture, social trends and lifestyle.

Young Turk (n)
1. Young progressive or insurgent member of an institution, movement, or political party.
2. Young person who rebels against authority or societal expectations.

American Heritage Dictionary

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