Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.
@ISIDEWITH7yrs
Yes, and increase government funding so every student receives a free college education
@ISIDEWITH6yrs
No, but we should still reduce interest rates for student loans
@ISIDEWITH7yrs
No, and transition all current government student loans into privately managed accounts
@93YZMSK2mos
No,but we should abolish interest rates for student loans.
@5BCWQY62yrs
No punishing sucess reduces motivation to strive for sucess.
@5KQSFFD2yrs
The problem is that the cost of colleges has increased so dramatically compared to average income. Regulations should be put in place to bring these closer together. I also think that providing money for early childhood education, arts programs in schools, and after school programs would better benefit society than putting that money towards paying for people to go to college.
@5B86FR32yrs
Every time funding is increased the tuition goes up. How can other country's provide college and all we can provide is instant debt without any guarantees of being able to finish school?
@5KQLXJS2yrs
@5B4K5772yrs
Eliminate tenure, hold higher education accountable to performance and outcomes. Emphasis on critical thinking, not political indoctrination
@5B4HCFB2yrs
Only for certain majors.
@5B7G6RF2yrs
US schools are run badly. By 10th grade you SHOULD be done with lower education. Grades 11-12 should be the first 2 years of college or trade school.
After that you can continue with college for full degree or jump into the work force in the trade you trained for.
@963W324Constitution24mins
Too simple and ineffective, bust up big companies, government should have no role in student loans but should stop predatory lending and the notion that everyone should go to college
@963SXGT4hrs
No el Gobierno debe poner negocios para sacar fondos alos prestamos Estudiantiles.
@963R5VL7hrs
This is a problem that needs to be shared by Lenders of Student Loans and the Colleges that took the money. Everybody wants to blame the kids who do what they are told, and not the con men running this shell game. Make the Colleges and Lenders responsible. Why should the public tax fund pay off a slush fund created by unscrupulous practices of lenders and Universities??
NOOOOOOOOOOOOO! to much no no no!!!!!!!!!
@963PF3G9hrs
Sólo a las personas ricas
@963PCJQ9hrs
I would have to do my own research about that before I answer.
@963NR5S9hrs
no cause i dont hate on bag chasers and hustlers
@963LB6D10hrs
I believe they should increase taxes for the rich, but they don't need to necessarily use it to reduce interest rates for student loans.
@963KJY411hrs
Don't reduce interst rates for student loans but increase taxes for the rich
@963K8C911hrs
They got rich because they were smart so no
@963JL4611hrs
It really depends. This can out a lot of rich people into paying for taxes and start parties and gatherings to make a movement. There should be surveys on how much higher the taxes would really be.
@963H83D12hrs
Only increase taxes for the richest 10% and lower taxes on lower-mid income households
@963GTTM12hrs
Have the same percent all across the board
No, should increase the amount of taxes that are liable to the rich.
@963FVB9Independent12hrs
yes, but make the students pay less
@963D3H413hrs
We should tax the rich some more but not for student debt
@9638V4Q15hrs
Someone else shouldnt pay for the persons tuition just because they have the money
@9638MHT15hrs
Yes and reduce student loans
@95KP6BN16hrs
Yes, but only after higher education institutions are reformed, constituted and staffed in a politically balanced and neutral way, so that the curriculum and tuition are delivered for the purpose of education, cultural enrichment and preparing students for the future - rather than for the purpose of propagandising and indoctrination.
@962XJMSLibertarian1 day
No, taxing corporations is far more effective and efficient than taxing individuals.
@962WSSG1 day
Yes, but I don't think this will solve the interest rate problem for students.
@962WJMC1 day
Yes, but tax both the rich and the poor
@962VQPK1 day
Yes, but mostly target the inheritence tax and it's loopholes, not the actual income as much.
i am neither for or against
@962RDLBRepublican1 day
yes, and take funding from our army since it uses around 70%
The rich don't pay taxes, would not help if taxes were raised.
@962Q5Y7Independent1 day
Yes, but I think that that money can be used for more than one thing, not just student loans.
@962P2RV1 day
No, and we should switch to the Georgism Method of taxing
@962JPWZ1 day
taxes on the rich do not need to be increased but loopholes should be closed so the rich actually pay the tax rates currently set
@962GBZB2 days
ion support nothin stop asking dem opp questions
@962FRSW2 days
Regulations should be put in place to bring these closer together. I also think that providing money for early childhood education, arts programs in schools, and after school programs would better benefit society than putting that money towards paying for people to go to college.
@962FLJXRepublican2 days
Rich people gain money from selling product or working with international groups. They did not take the money from poor people, and I think that the rich people are the one helping create the opportunity for the country.
@962F3SX2 days
No as this would just make the prices for good and serivce skyrocket and any money they would have used to pay off debt would just go towards food and rent
@962DN682 days
I support reduce interest rates for students but I don't support to increase taxes for rich.
@962C4GF2 days
whatever they decide, so be it
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