Wednesday, the House of Representatives passed an overhaul of student aid, slashing interest rates on student loans, raising the pell grant limit, and adding loan forgiveness provisions for public servants.
Not surprisingly, our “representatives” in Congress voted against the bill, which also cut federal subsidies to large lenders such as Nelnet, the huge Republican contributor based in Lincoln, Nebraska, that got away with swindling taxpayers out of $300 million, and Sallie Mae.
Just as a reminder, when the issue came up in January, Lee Terry voted for cutting interest rates, in part because he said he remembered how difficult it is to pay for college. (Yeah, I’m sure Lee Terry, Jr. ever had to worry about student loans). Evidently, there’s no such empathy this time around, only concern over how his biggest contributors aren’t going to be able to exploit students and taxpayers quite so easily anymore.
Not that it should come as any surprise, of course, but Lee Terry, Adrian Smith, and Jeff Fortenberry have long since abandoned anything but blind partisan loyalty.
Well, lets get rid of them then!