Why Should New Jersey Students Pay More Interest On Government Loans Than The Big Crooked Banks?

According to the Huffington Post Article “Sen. Elizabeth Warren (D-Mass.) unveiled her first bill Wednesday, designed to set student loan interest rates at the same level the Federal Reserve offers to big banks.

With some student loan rates set to double on July 1 — from 3.4 percent to 6.8 percent — Warren’s bill would reduce student loan interest rates to 0.75 percent, opening the Fed’s discount window to students.”

The answer to the question is because the banks have the Feds in their pockets. It is that simple.

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