Tag Archives: Student loan

CONGRESS: the Republican led House / the Senate debates Flood Ins and Student Loan rates hikes – 17 Dems voted w/Republicans -the list


the Senate Convenes: 9:30amET June 28, 2012

  • Following the prayer and pledge, the Majority Leader will be recognized.
  • The first hour will be equally divided and controlled between the two Leaders or their designees with the Republicans controlling the first half and the Majority controlling the second half.
  • The Senate will continue to debate the flood insurance bill on Thursday. We await House action on the transportation bill.  We also have to consider the student loan extension before the end of the week

Senator Reid announced on the floor that he expects the Surface Transportation conference report, which includes Student Loan Interest Rate and Flood Insurance provisions, to be filed soon. We should know within the next hour or so if we can finish tonight or come back tomorrow. Another message will be sent as soon as we have more information.

WRAP UP

No ROLL CALL VOTES

LEGISLATIVE ITEMS

Adopted S.Res.514, commemorating the victory of Loyola University Maryland in the 2012 NCAA Division I Men’s Lacrosse National Championship.

Completed the Rule 14 process of S.3342, a bill to improve information security and for other purposes. (McCain and others)

No EXECUTIVE ITEMS

http://t.co/jE7Tsrks

17Dems voted with Republicans

– Peterson, Owens, Altmire, Barrow, Donnelly

– Critz, Matheson, McIntyre, Walz, Ross, Rahall

– Boswell, Chandler, Kissell, Hochul, Kind, Boren

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7:24:00 P.M. – The Speaker announced that the House do now recess. The next meeting is subject to the call of the Chair.

http://clerk.house.gov/floorsummary/floor.aspx

CONGRESS: the Republican led House / the Senate considers S.1940,Flood Ins ,S.2343,Student Loan & Transportation bills


the Senate Convenes: 9:30amET June 27, 2012

  • Following the prayer and pledge, the Majority Leader will be recognized.  The Senate will continue to debate S.1940, the Flood Insurance bill on Wednesday’s session.
  • The first hour will be equally divided and controlled between the two Leaders or their designees with the Majority controlling the first half and the Republicans controlling the final half.
  • We hope to reach an agreement to complete action on the flood insurance bill.  We will also consider the transportation bill and the student loan extension prior to the recess.

WRAP UP

No ROLL CALL VOTES

LEGISLATIVE ITEMS

Adopted S.Res.511, commending the Pacific Lutheran University Lutes Softball Team for winning the 2012 National Collegiate Athletic Association Division III Softball Championship.

Adopted S.Res.512, recognizing the 100th anniversary of Rice University.

Began the Rule 14 process of S.3342, a bill to improve information security and for other purposes. (McCain and others)

No EXECUTIVE ITEMS

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http://clerk.house.gov/floorsummary/floor.aspx

Smile – and pay up! … Minerva Novoa, ConsumersUnion


Consumers Union, Policy and Action from Consumer Reports
 Send a photo straight from your phone!
Minerva Novoa
Minerva Novoa,
Web team coordinator
 

In July the interest rate will double on widely used federal student loans, and Congress still hasn’t agreed on a way to stop it. If you’re frustrated by the ever-climbing cost of a college education, show us right now!

Send us your photo holding up a simple message of how much you are in debt for a college degree. Or how much your kids, or your grandkids, owe.

We’ll collect your photos and send a strong message to Congress that the old adage of ‘working your way through college’ is outdated when a year of college can equal a yearly salary. It’s time our leaders get real about the cost of a college education.

Getting serious about climate change
For the first time ever, the EPA is proposing limits on carbon pollution from new coal-fired power plants! Opponents are lining up to fight it, so tell the EPA you support pollution limits.

Good, Bad: Medical device bill passes
Your emails put pressure on Congress to strengthen the medical device safety bill, but we fell short of getting a big loophole closed. Find out what we won and lost.  

Wanted: New home for money
It’s not you. Banks DO make it hard for you to close your account and move your money. Check out our new report, and find how you can more easily move your money.

Tricked by your health insurance?
Health insurers can make coverage so confusing you may avoid the doctor. If you’ve felt tricked by your insurance company share your story with us so we can know more.

President Obama- Calling on Congress to Prevent Student Interest Rates from Doubling


Apr 21, 2012 by    

President Obama calls on Congress to act before student loan interest rates double for more than 7.4 million students, adding an average of $1000 to their debt.

Student loan reform can’t wait


2012

James Kvaal is the Policy Director for Obama for America.

Friend —

President Obama just took two serious steps to make life a lot easier
for folks with student loans — and there’s a good chance you or someone
you know will benefit from these changes very soon.

Here’s how:

— Effective this January, if you’re someone who has different kinds
of loans — guaranteed and direct — you’ll be able to roll them both
into one direct loan and bring down your interest rate. You’ll only have
to write one check a month, and you’ll see a discount. This switch adds
no cost to taxpayers across the board.

— You might remember that, as part of last year’s student loan
reform, borrowers’ loan payments could be no higher than 10 percent of
their disposable income. This is a big deal — but it wasn’t going to
help anyone enrolling before 2014. Today, the President announced that
he’s speeding up this program so it will affect students next year —
helping over 1 million students. This will have huge consequences for
people struggling to make their student loan payments.

Sometimes, it can be hard to see how policy changes will actually affect your day-to-day life.

Not the case with this one. These changes will make a real difference in helping millions of Americans get by month to month.

We put together a video explaining how these changes will help Americans. Watch
it to learn a little more about what today’s steps would do, and then
make sure everyone you know who should hear about it does.

Learn how student loan reforms help you.

President Obama isn’t waiting on Congress to take action. He’s doing
everything in his power, right now, to help bolster our economy and get
folks back on their feet.

On Monday, he laid out new rules on federal mortgages to help make sure more families don’t lose their homes to foreclosure.

On Tuesday, the administration announced two new initiatives to help veterans find work.

Today, it means making changes that make student loans a lot easier to manage.

These are actions that can’t wait on the next vote or the next election.
So long as people are struggling, this President and this
administration will do everything in their power to help them when and
where they can. It’s just that simple.

Now, let’s make sure that the millions of people who stand to benefit from today’s steps know about it.

Watch the video to learn more about today’s student loan changes — and then help get the word out:

http://my.barackobama.com/Student-Loan-Reforms

Thanks,

James

James Kvaal

Policy Director

Obama for America