Republicans just killed a bill that would have allowed students to refinance their loans at lower interest rates because rich people would have to pay for part of it.

Sen. Elizabeth Warren’s (D-Mass.) Bank on Students Emergency Loan Refinancing Act didn’t even get past a procedural vote, failing 56-38. Warren said the bill was designed to ease the debts of 40 million Americans who collectively hold nearly $1.3 trillion in loans, at a stunning $30,000 per borrower.

Senate Republicans objected to the inclusion of the so-called Buffett Rule to pay for it, which would have raised income tax rates on rich people who obtain most of their income from investments. Raising taxes is a non-starter for the GOP in both the House and Senate. Just three Republicans signed on with the bill.

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Tuition-Free NY would account for about 1% of New York State’s entire budget. An investment of 1% would provide free tuition for hundreds of thousands of students every year. It would offer them future opportunities, increase post-graduate purchasing power and keep them in the state for at least five years — per the legislation — to contribute to our local and state economy. It would provide revenue to New York in the process, all of which contributes toward paying down that already-modest 1% upfront investment.

Tuition-Free NY and programs like it will pay for itself by keeping bright, young minds in-state, maintaining a highly educated workforce and encouraging community service.

Study: Student debt worst at universities with highest-paid presidents

Student debt and the hiring of relatively low-paid adjunct faculty rather than full-time professors have grown fastest at public universities with the highest-paid presidents, a new report found.

University president pay has risen dramatically in the aftermath of the 2008 financial crisis, according to the report, which focuses on 25 state universities that pay their presidents almost double the national average. Released Sunday by the Institute for Policy Studies (IPS), a progressive Washington D.C.-based think tank, the study is called The One Percent at State U — referring to the financial gains made by executives after the 2008 recession.

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Single meme suggests how simple it would be to fix our college system

$62.6 billion. That’s how much the U.S. Department of Education estimates public institutions collected in tuition fees in 2012 across the entire United States. That’s also less than the $69 billion the New America Foundation says the country spent in 2013 on financial aid programs like Pell Grants and work-study programs alone. As the Atlantic’s Jordan Weissmann notes, that $69 billion is just the tip of the iceberg, not even including federal loans.

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This is not fear, this is fact. Republicans in Congress have voted uniformly to let student loan interest rates rise, they approve cuts to Pell Grants, and continually cut funding for State school education.

Have you noticed how Republicans are the only political party out to suppress the college vote. Know your enemy.

1. President Obama is taking executive action to expand his “Pay As You Earn” student loan program to up to five million more Americans. That means millions of college graduates won’t be forced to pay more than 10% of their monthly income on student loan bills.

2. President Obama went one step further — he called on Congress to pass the Elizabeth Warren-John Tierney bill allowing graduates to refinance their student loans, and get cheaper rates. The measure is paid for by making millionaires and billionaires pay their fair share of taxes.

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