>


That’s simply infeasible

It's definitely not.  Anyone with basic personal finance skills can handle this.
Conservatives on their way to tell us how Safety Nets are unfair unless it is for them specifically >

"I didn't get any help from the government!  I worked my way out of welfare all the way to Congress!  I never got any handouts!"

Lauren Boebert, paraphrased >

You don’t need to even make up a fake quote. Conservatives have you covered.

I've been on food stamps and welfare. Anybody help me out? No. No. They gave me hope, and they gave me encouragement, and they gave me a vision.

-Staunch conservative Craig T Nelson >

the selfawarewolves and leopards will feast on american politics for a while to come. >

I have yet to figure out why they don’t try and reduce the interest rate and late fees. That’s what kills people. You see people all the time saying I borrowed $20k for college and now it’s $65k. Reduce the interest rate to 1-2% and abolish all late fees. >

Interest rate is set by Congress each year based on treasury yields - it's established law. The executive can't change it.

Interest rates on federal student loans are set by federal law, not the U.S. Department of Education.

There have been several pieces of legislation introduced to lower or even remove interest rates, but Congress doesn't have the majorities to pass them.
Needs the House and Senate, and 60 votes in the Senate until there is filibuster reform.
So, like many problems in the student debt crisis, we need large majorities of higher-education-friendly representatives for progress. >

Even if the Dems had like 80/100 Senate seats I'm willing to bet the "revolving door villain" conspiracy will suddenly become real and 25 of them will magically out of nowhere not want to support it anymore. >

I'd love to see this actually happen before I worry about this. >

Just look at 2010. Magically 60 Senators for 2 months and yet they didn't pass anything other than naming some Post offices. >

The makeup of the Democratic caucus is crazy different now though. Many more conservative Democrats back then.
Didn't they also pass Obamacare during that time? >

They did not. That was not passed in the Senate until March 23, 2010. Democrats lost their Super on February 4th of that year.
Also, I'm more inclined to believe there are more conservative Democrats now than back in 2010. >

How do you figure? >

No payments if you make under $30,600. 5% income cap for undergraduate loans under IDR. These are two very good changes that will help a lot of borrowers if FSA can figure out funding and implementation. >

Even at just $50k, 5% of your monthly salary is $208. That’s simply infeasible when your take-home is $38k ($3166), rent is probably $1-1.2k, car anywhere from 200-500, insurance, gas, groceries, etc etc.