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Translation
We've heard you say it many times: "Politics is like a foreign language." Well, we agree.
Each week, we summarize, simplify, and interpret different major news stories and how they affect our generation. We'll give you our take, and you can decide for yourself.
STUDENT LOANS STUCK IN POLITICAL SOAP OPERA
THE FACTS
Senate Republicans just blocked a bill that would have prevented student loan rates from doubling, despite agreement on both sides of the aisle that a one year freeze in the interest rate would be a good idea.
The Senate Democrats have proposed that the rate freeze be paid for by closing a tax loophole that allows wealthy taxpayers to avoid paying their full Social Security and Medicare tax.
The House Republicans have proposed that the rate freeze be paid for by defunding a preventative health and cancer screening program created in the Affordable Care Act.
WHY WE SHOULD CARE
Despite both sides agreeing that legislation needs to be passed to prevent student loan rates from doubling, the squabbling over how to pay for it has become a political soap opera where nobody wins… least of all the students.
OUR TIME OPINION
American students have enough difficultly affording college already. Both parties need end the partisan posturing, work together, and make certain that student loan rates don’t double in July.
