Later today, the Senate will vote on a procedural measure to allow a vote on a short-term ‘fix’ to the student loan interest rate hikes that happened on July 1st. After two other vote failures in the Democratic-controlled Senate, this vote is expected to fair no better, leaving our country’s students’ futures in jeopardy. What is everyone saying about it?
“Even the most vocal student advocates conceded the gesture is merely symbolic. (Student loan fix stalled by divided Senate democrats, Sabrina Siddiqui and Joy Resmovits, Huffington Post, July 9, 2013)
“Lawmakers should reject this pathetic non-solution and put their effort instead into finalizing a compromise plan that is well within their reach.” (Senate should reach accord with House on student loan rates, Editorial, Washington Post, July 10, 2013)
“A policy disaster that results in rising costs, taxpayer losses and overstrapped borrowers is now manifest. So naturally this week Senate liberals will bring to the floor a plan to ensure that the policy continues unchanged.” (Student loan pretenders, Editorial, Wall Street Journal, July 10, 2013)
“The Senate will vote Wednesday on a Democratic plan to scale back federally subsidized student loan rates, which doubled on July 1, but the proposal lacks enough support required to pass.” (Senate poised to fail — again — on a student loan fix, Susan Davis, USA Today, July 9, 2013)
“A proposal set to get a vote at noon Wednesday and to almost certainly fail.” (No breakthrough on student-loan rates, Politico, Burgess Everett, July 9, 2013)