C.L.I.C.K. for Justice and Equality is an agent of change alerting our social community of injustices and inequalities among the underserved, disadvantaged, and disenfranchised individual or group. A disadvantaged or disenfranchised person or group is anyone who is socially, culturally, and politically deprived of or oppressed from life, liberty and the pursuit of happiness. Change takes place through our legislative body of Senators and State Representatives, not from the Judicial bench.
May 18, 2013
The Bank on Students Loan Fairness Act
Incredible! More than 325,000 MoveOn members have signed on in support of Senator Elizabeth Warren's first bill—the Bank on Students Loan Fairness Act. Will you join them? Click here to sign.—Anna
The biggest banks in the country—the ones that wrecked our economy and cost millions of Americans their jobs—pay next to nothing on the debt they owe the government, while students pay nine times as much. That isn't right.
That's why I've introduced the Bank on Students Loan Fairness Act to let students take advantage of the same low rates offered to banks for one year while Congress finds a fair, long-term solution on student loan interest rates.
The interest rate on federal subsidized Stafford student loans is set to increase from 3.4% to 6.8% on July 1st. If Congress doesn't act soon, millions of college students will see their student loan payments jump.
Some argue that it's too expensive to keep government loans at low interest rates, but the federal government makes low interest loans all the time—just not to everyone. Big banks can borrow money through the Federal Reserve discount window at a rate of about 0.75%.
That's why I started a petition on MoveOn's petition site which says:
Wall Street banks—the ones that wrecked our economy—should not be getting a better interest rate on their government loans than young people trying to go to college.
Unlike the big banks, students don't have armies of lobbyists and lawyers. But they do have us.
Let's do what's right and bank on students.
–Elizabeth Warren, U.S. Senator
This petition was created on MoveOn's online petition site, where anyone can start their own online petitions. Senator Elizabeth Warren didn't pay us to send this email—we never rent or sell the MoveOn.org list.
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PAID FOR BY MOVEON.ORG POLITICAL ACTION, http://pol.moveon.org/. Not authorized by any candidate or candidate's committee. This email was sent to Dr. Fred Nance Jr on May 18, 2013.