Dems plan to cut rates on college loans
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Democrats say they are putting education reform at the top of their to-do list as they prepare to take control of Congress.
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Bloomberg - June 29 (Bloomberg) -- Democratic presidential hopefuls last night called for higher taxes on wealthy Americans and more federal spending on education, health care and programs to alleviate poverty.
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Chancellor expected to make small concession by introducing a lower rate for entrepreneurs
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US Senator Edward Kennedy has proposed cutting subsidies to college loan providers by $18.3 billion and using the savings to increase aid for low-income students, in legislation similar to a measure approved by a House panel.
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President George W. Bush signed  student loan legislation on Thursday that slashes federal  subsidies to lenders such as Sallie Mae , Citigroup  , Bank of America  and many others.
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Presidential hopeful Bill Richardson on Saturday said a portion of college loans should be forgiven if graduates complete a year of national service.
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Consolidating your student loans isn't the no-brainer it used to be. Last year at this time, money mavens were exhorting college students and recent graduates to run right out and refinance their loans before the big July 1 rate hike, which took rates on those loans from the neighborhood of 4.7 percent to 6.54 percent. This year, rates are again ...
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The plan circulated by top Democrats would provide $10 billion in loans for plants that make diesel fuel from coal.
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The Federal Reserve is expected to  lower U.S. interest rates on Wednesday as part of an ongoing  aggressive effort to spare the economy from the worst effects  of a deep housing slump and credit crunch.
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The Federal Reserve is expected to lower U.S. interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep housing slump and credit crunch.
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Final legislation that would slash federal subsidies to student lenders could be bad news for the threatened $25 billion takeover of student loan company Sallie Mae by a group of private equity firms and banks, an analyst said on Thursday.
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Democrats said that they would move toward integrating the war spending into the regular federal budget.
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House and Senate negotiators reached a deal Wednesday to boost aid to college students by cutting roughly $20 billion in government subsidies to banks that issue student loans.
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The Federal Reserve slashes interest rates to 3.5%, as it aims to reduce the risk of a US recession.
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A proposal to test a radical change in the U.S. student loan industry by putting it on the auction block is set to pit Democratic lawmakers against the Bush administration and the banking industry.
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Democratic presidential nominee  John Kerry on Friday proposed cracking down on unfair credit  card lending practices that he says have helped Americans pile  up record levels of charge card debt.
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Soon to be in charge of Congress, Democrats are looking to chip away at billions of dollars in payments to the health insurance companies that run Medicare's managed care programs.