One Pagers

Priorities in Student Loans Debate

May 08, 2012 9:21 am ET
Today the Senate will vote to keep student loan interest rates from doubling on July 1. Instead of paying for it by closing a corporate tax loophole or ending tax handouts for Fortune 500 oil companies, Republicans are insisting on ending a prevention health fund.


We should be helping our kids build their futures, not crushing them with debt just so the wealthiest few and Big Oil can pay less.

Connect: Working families are struggling, but millionaires and big corporations are doing better than ever.

Define: Yet Washington Republicans would rather force working families to pay more for health care or college than ask Fortune 500 corporations and millionaire tax dodgers already raking in record profits to pitch in.

Contrast: When the roof's leaking, ordinary families aren't going to borrow $1,000 from the nephew who's working his way through college -- they're going to ask their millionaire uncle to pitch in. 

Values: We need leaders who understand that access to college is more than just part of the American Dream -- America's future depends on educating the next generation.

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ATTACK: "Obama is trying to buy young people's votes."

  • Actually, President Obama doesn't need to win over young Americans -- he's leading Mitt Romney among young voters by more than 35 points.
  • This isn't about who votes and who doesn't. This is about our leaders showing us that they understand the priorities and challenges facing struggling students and their families.
  • The interest rate on student loans will double on July 1, regardless of what happens with anyone's campaign. The question is whether politicians in Congress would rather look out for their wealthy campaign donors or working families.

ATTACK: "The prevention fund in Obamacare is a 'slush fund' that should be eliminated anyway."

ATTACK: "This is a taxpayer bailout for students."

  • In fact, this is money that students and their parents borrow so they can afford college now and pay back when they're done with school. They are stuck with this debt even after declaring bankruptcy.
  • We need leaders who understand that college isn't just part of the American Dream -- America's future depends on educating the next generation.


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Posted in - Taxes - Education

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