Noting that the government stood to bring in nearly $200 billion over the next 10 years because of the higher rates, Ms. Warren denounced the bill. “This is obscene,” she said. “Students should not be used to generate profits for the government.” House Republicans, who had approved a plan similar to the one the Senate passed, although with slightly higher loan rates, are expected to pass the Senate bill before Congress leaves for its summer recess next week. Republicans did not even try to contain their delight that a plan they championed had passed over the objections of liberal senators.
Posted on: Thu, 25 Jul 2013 19:23:45 +0000
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