President Obama has a plan to strengthen America by making college more affordable for millions of Americans.
The President proposes to save almost ten billion dollars a year by shutting down a program that gives banks wasteful subsidies on student loans. He wants to devote the savings – as much as $87 billion over 10 years -- to Pell Grants and other programs that help students pay for college. It would also expand programs to improve college access and completion, to make sure millions of additional young people can benefit from postsecondary education.
Unfortunately, loan company lobbyists are pressuring Congress to save their wasteful subsidies at the expense of students and their families.
Join Campus Progress: Tell Congress to choose students over banks, because we need a better future, and because we are fed up with banks taking billions from taxpayers for no good reason.
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