News Column

DSCC: On Student Loans, Republican Steve Daines Stands with Special Interests & Against Montana College Students

June 12, 2014



WASHINGTON, June 12 -- The Democratic Senatorial Campaign Committee issued the following news release:

Today Steve Daines continued to support the Koch brothers' agenda by voting to block (http://clerk.house.gov/evs/2014/roll298.xml) an effort to help Montana college graduates with the crushing weight of student loan debt, reminding Montanans yet again that he sides with Washington special interests and against Montana's college students and middle class families.

Daines' vote blocking an effort to make college more affordable for working families by closing tax loopholes for millionaires and billionaires and using the savings to allow anyone with pre-existing student loans to refinance their loans at lower rates hurts his state. In Montana alone, 81,000 (http://www.whitehouse.gov/sites/default/files/docs/student_debt_report_final.pdf) borrowers could benefit from refinancing their student loans at a lower rates.

Daines previously voted for the Republican budget that would cut Pell Grants and eliminate the in-school interest rate subsidy for undergraduate federal loans.

"Steve Daines' reckless allegiance to Washington special interests comes with a high price tag for Montana college students and families who are struggling to pay off student loan debt," said Justin Barasky, a spokesman at the Democratic Senatorial Campaign Committee. "Instead of fighting to make college more affordable for Montanans, Steve Daines would allow millionaires and billionaires to enjoy their tax breaks. Montana students and families deserve leaders who will fight for them in Washington, not reckless partisans like Steve Daines who values Washington special interests over what's best for his state."

BACKGROUND:

DAINES VOTED FOR BUDGET THAT CUT PELL GRANTS AND ELIMINATED IN-SCHOOL INTEREST RATE SUBSIDY

Daines Voted For the House GOP 2015 Budget. "Six House Republicans who are running for Senate this year in competitive states voted for the House GOP's 2015 budget -- and Democrats wasted no time in making it a top campaign issue. Reps. Bill Cassidy (La.), Shelley Moore Capito (W.Va.), Tom Cotton (Ark.), Steve Daines (Mont.), Cory Gardner (Colo.) and James Lankford (Okla.) all supported Rep. Paul Ryan's (R-Wis.) budget." [The Hill, 4/10/14]

* Daines Voted To Eliminate Pell Grants For Part Time Students. Daines voted for the FY15 Ryan Budget. The budget would "eliminate [Pell Grant] eligibility for less-than-half-time students. Funding should be reserved for students with a larger commitment to their education." [FY15 Budget Resolution,April 2014 (http://budget.house.gov/uploadedfiles/fy15_blueprint.pdf)]

* Budget Eliminated In-School Interest Rate Subsidy for Undergraduate Federal Loans. As reported by Inside Higher Ed, "The Ryan budget also calls for changes to federal student loans. It would eliminate the in-school interest rate subsidy for undergraduate federal loans and would also trim the benefits of the Obama administration's income-based repayment program, Pay As You Earn. [Inside Higher Ed, 4/2/14 (http://www.insidehighered.com/news/2014/04/02/ryan-budget-calls-cuts-pell-grant-elimination-neh)]

* HEADLINE - Higher Ed Cuts in GOP Budget. [Inside Higher Ed, 4/2/14 (http://www.insidehighered.com/news/2014/04/02/ryan-budget-calls-cuts-pell-grant-elimination-neh)]

CC AutoTriage10PkS-140613-30TacordaCheng-4766285 30TacordaCheng


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Targeted News Service


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters