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Topic: Edward M. Kennedy
Starting today, student loan payments become more affordable for millions of Americans
July 1, 2009 | 
New Financial Aid Benefits Allow Borrowers to Pay Back Loans Based on Their Income
WASHINGTON, D.C. – Starting today, federal student loans will become more affordable to repay as a new Income-Based Repayment (IBR) program takes effect. IBR will allow borrowers to cap their monthly loan payments based on how much income they earn. This program, in conjunction with a lower interest rate on subsidized – or need-based – student loans and an increase in the Pell Grant scholarship, will help make college more affordable and help alleviate devastating student loan burdens for millions of students, recent graduates and other borrowers.
“This help couldn’t be coming at a better time for borrowers in this tough economy, or for current and future students facing an escalating college affordability crisis,” said U.S. Rep. George Miller (D-CA), chair of the House Education and Labor Committee. “These benefits will make a serious difference for students and families working very hard to pay for college, and will provide millions of borrowers more flexibility in choosing a career they truly desire rather than one made necessary due to crippling student debt.”
“Under this new program, students no longer have to choose between serving their nation and communities and tackling a mountain of college debt,” explained U.S. Senator Edward M. Kennedy (D-MA). “Our nation is better and stronger when the best and brightest young Americans choose careers in public service.” «Read the rest of this article»
Sections: Education | No Comments
Senator Kennedy on Republican efforts to block minimum wage increase for the poor, by tying it to more tax breaks for the rich
By Bill Larson | January 26, 2007 |
Senator Edward M. Kennedy (D-MA) goes off on Senate Republicans as they again try to block the first minimum wage increase in 10 years. These people have no shame, no compassion, or empathy for their fellow man.
One of the best suggestions I have recently seen is to require Senators to live on the minimum wage while in office. But barring that we should at least tie Congressional pay raises to increases in the minimum wage. To paraphrase the Soup nazi from the popular Seinfeld TV show episode… No minimum wage increase, NEXT! no raise for you.
«Read the rest of this article»
Sections: Politics | No Comments
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