This is rotten to the core -- and Senator Harry Reid, as the LEADER of the U.S. Senate, should never have let this happen.
The Senate has adjourned for vacation without voting on student loan legislation (which incidentally is why I was able to go to college and law school).
Maybe the Senate ought to collectively look in the mirror at themselves because while they rightfully jump the IRS for their lousy service to Americans, what do they say about themselves? How can they possibly justify taking a vacation without deciding the student loan issue? The deadline is July 1 -- and they are back from vacation long after that!
Student loans, and their cost, profoundly impact young Americans as they seek to come up with plans to build their futures. It is how they decide what college and even whether they can go to college. It is important for their families, too. And the Senate doesn't care? Just races to the airport to go on THEIR vacations? Really?
And this BS about doing something later after the holiday and then making it retroactive is gross -- and irresponsible. How can a student plan his or her future based on that empty promise?
Senators asked us to vote them into office and they promised to do the job.... and now we see they care more about themselves and their vacations.... not young Americans (and their families) trying to plan their futures.
Am I wrong?
See note below from FNC Chad Pergram:
Urgent: Senate leaves for July 4th break without re-authorizing student loan rates
Per Pergram-Capitol Hill
The Senate has adjourned for the July 4th recess without approving a student loan rate package.
Existing rates will expire July 1. Around seven million students will see their rates double from 3.4% to 6.8% if Congress.
There was no agreement in the Senate on several competing plans. The House approved a measure some weeks ago. But the House and Senate are not in synch. Expect to hear a lot about this over the July 4th recess.
I am told that the Senate will move to do something in July....and make the loan rate fix retroactive to July 1 so no students nor their families feel the sting.
But that still doesn't get the House and Senate on the same page.
Senior Producer for Capitol Hill