Stop $3 Billion in Corporate Givebacks!

Last Wednesday a big student aid bill passed in the House, with cuts in student loan interest rates, big boosts to the Pell Grant, fair payment assurance for those who get stuck under a wad of debt with low incomes, and much more--all paid for with $19 billion in reductions to lender subsidies.

The Senate version of the bill, expected to come to a vote within a day or so, contains an adulterating substance: The Nelson-Burr Amendment.
This amendment would restore $3 billion in excessive lender subsidies, likely at the cost of important borrower benefits like Fair Payment Assurance and more widespread forgiveness of loans.

The question comes down to this: where should taxpayer dollars be directed? To the big lenders who have raked in huge profits while fighting off wave after wave of corruption scandals , or directly to help qualified students from all backgrounds have the chance to go to college?

It's your money; you make the call. Urge your Senator to vote YES on S. 1762, and NO on the Nelson-Burr Amendment. The Capitol Switchboard can be reached at [phone], and the operators can tell you who your Senators are.

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