Current students, future students and parents of students be aware: Rep. Jeff Denham soon will vote on the Orwellian-named "The Smarter Solutions for Students Act" (HR 1911). Under this bill, federal student loan interest rates are projected to be higher than current fixed rates for millions of borrowers seven of the next 10 years. The bill will make attending college more expensive for students and their families, deepening the student debt crisis ($1 trillion and counting).
People who were kept out of the workforce because of the recession are now hit with a one-two punch as they are stuck in jobs that barely make enough to pay off the loans, and, worst of all, they owe too much to take out loans to become the entrepreneurs we so desperately need to really grow the economy. Do you think other countries, our competitors, function this counterproductively?
Track this bill and others at http://www.govtrack.us/congress/bills/113/hr1911