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Congress leaves students hanging
July 2, 2013 - Jim Smith
Once again, Congress flees Washington, leaving major legislation swaying in the wind and college students and their parents hanging.
The interest on student loans doubled Monday, even though there was a compromise bill in the Senate and Sen. Tom Harkin, chairman of the Senate education committee, was urging his fellows to extend the lower interest rate for a year.
Harkin has said the extension could be retroactive to Monday when Congress returns July 5..
As of Monday interest rates on new subsidized Stafford loans went from 3.4 percent to 6.8 percent, which is expected to cost the average student $2,600.
As usual Republicans are blaming Democrats for Congress' inability to adopt legislation keeping the college loan rates low, and Democrats are blaming Republicans for not accepting another one-year extension of the lower interest rates and a Sen. Joe Manchin led compromise.
Maybe someday Congress will forget their political partisanship and begin acting like the representatives we sent to Congress to do what is in the best interest of the nation ... instead of playing party politics.
Unfortunately that will occur about the same time as there is a lasting peace in the Mideast, or pro-life and pro-choice supporters agree.
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