PASS Senator Elizabeth Warren’s Bank on Student Emergency Refinancing Act - NOW!

			Image of Awaken from the Unknowing, Charles White.

Dear Labor Power Blogger and Readers,

Tell Congress It’s Time To Pass Senator Elizabeth Warren’s (D-MA) Bank on Student Emergency Refinancing Act - NOW!    S2292

“This is TRULY an emergency” stated Senator Elizabeth Warren (D-MA. “The idea here is that we are going to lower the interest rate on OUTSTANDING student loans…Get people back on their feet, so they can pay their loans off sooner, so they can reduce their monthly payments and help families move forward. Help this economy move forward.”

Senator Warren, along with two-dozen other Senators, introduced the Bank on Students Emergency Loan Refinancing Act. This bill would allow borrowers, like YOU, to refinance your federal and private student loans to a lower interest rate. Saving borrowers thousands of dollars over the life of their loan.

Unfortunately, this isn’t going to be easy, current student loan borrowers are prohibited from refinancing under most programs. With your help, we can ensure that the voices of past, current, and future borrowers are heard in this debate over whether students can refinance their loans. Act TODAY! We need your help as we anticipate a vote to happen soon!

SIGN AND SHARE our new petition: Tell Congress It’s Time To Pass Senator Elizabeth Warren’s (D-MA) Bank on Student Emergency Refinancing Act - NOW!

Watch the video with Senator Warren, Senator Blumenthal and Senator Baldwin discussing refinancing with Generation Progress's Sarah Audelo! Now more than ever we need your help!

Thank you,
Natalia  Abrams

Abrams

and The Student Debt Crisis Team 

Please SIGN THE PETITION @

http://studentdebtcrisis.org/

Tell The Senate: It’s Time To Pass Senator Elizabeth Warren’s Bank on Student Emergency Refinancing Act - NOW!

Homeowners, corporations, and even governments are taking advantage of today’s historically low interest rates—students should be able to as well!

Too many borrowers across the country are paying sky-high interest rates on their student loans which not only makes it harder to repay loans, but impacts our ability to purchase homes, save for retirement, and more.

Some members in Congress recognize the urgency of fixing this issue crippling millions of Americans, and it’s time to make sure ALL of our elected officials stand up for borrowers.

As we expect a vote as early as this week, we demand all members of the Senate vote YES on S2292 and help the 40 million student loan borrowers.

Mandel Ngan/AFP/Getty Images

President Obama signed an order Monday to make as many as 5 million more borrowers eligible to cap their student loan repayments at 10 percent of their monthly income.

WASHINGTON — Senator Elizabeth Warren will get her biggest showcase this week for her top issue — reducing student loan debt — as her bill heads to a vote Wednesday. But the plan by the Massachusetts Democrat to tax the wealthy so college graduates can refinance their loans is being labeled a political stunt by Republicans who say it stands little chance of becoming law.
Whatever the law’s fate, it is being used by Democrats as part of a midterm election package of populist proposals known as the “Fair Shot” agenda, designed to draw contrasts between the two party’s views on checkbook issues such as the minimum wage and equal pay.



WASHINGTON — Senator Elizabeth Warren will get her biggest showcase this week for her top issue — reducing student loan debt — as her bill heads to a vote Wednesday. But the plan by the Massachusetts Democrat to tax the wealthy so college graduates can refinance their loans is being labeled a political stunt by Republicans who say it stands little chance of becoming law.
Whatever the law’s fate, it is being used by Democrats as part of a midterm election package of populist proposals known as the “Fair Shot” agenda, designed to draw contrasts between the two party’s views on checkbook issues such as the minimum wage and equal pay.

  http://studentdebtcrisis.org/studentdebtcrisis-org-on-senator-elizabeth-warrens-new-bill-bank-on-students-emergency-loan-refinancing-act/

President Obama signed an order Monday, June 9, 2014, to make as many as 5 million more borrowers eligible to cap their student loan repayments at 10 percent of their monthly income.

https://www.bostonglobe.com/news/nation/2014/06/09/senator-elizabeth-warren-student-loan-bill-gets-presidential-boost-but-faces-uphill-fight/KRKL82OvCpzJFcpHzinJ1H/story.html

Statement on Senator Elizabeth Warren’s New Bill: Bank on Students Emergency Loan Refinancing Act. - See more at: http://studentdebtcrisis.org/studentdebtcrisis-org-on-senator-elizabeth-warrens-new-bill-bank-on-students-emergency-loan-refinancing-act/#sthash.qSUUVgWy.dpuf

Statement on Senator Elizabeth Warren’s New Bill: Bank on Students Emergency Loan Refinancing Act. - See more at: http://studentdebtcrisis.org/studentdebtcrisis-org-on-senator-elizabeth-warrens-new-bill-bank-on-students-emergency-loan-refinancing-act/#sthash.qSUUVgWy.dpuf

Statement on Senator Elizabeth Warren’s New Bill: Bank on Students Emergency Loan Refinancing Act. - See more at: http://studentdebtcrisis.org/studentdebtcrisis-org-on-senator-elizabeth-warrens-new-bill-bank-on-students-emergency-loan-refinancing-act/#sthash.qSUUVgWy.dpuf

Update, bad news: 

Senate Blocks Elizabeth Warren's Student Loan Refinancing Proposal

The Senate on Wednesday declined to approve a measure that would have...

The Huffington Post|By Shahien Nasiripour

http://www.huffingtonpost.com/2014/06/11/elizabeth-warren-student-loan-refinance_n_5484662.html?ncid=fcbklnkushpmg00000013

Joan Frisina-Bowles

11 hrs

Houston... We have a Problem!!!! .........People 60 and older account for some $43 billion of outstanding student loan debt.
http://thetandd.com/news/opinion/student-loan-debt-crippling-for-many-no-aid-for-economy/article_cee67b44-f40b-11e3-ae16-0019bb2963f4.html

Student loan debt crippling for many, no aid for economy

THE ISSUE: The legacy of student loans; OUR OPINION: Providing relief on high interest rates

thetandd.com|By Lee Enterprises

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  Joan Frisina-Bowles This is a hot topic everyone. I can assure you that the legislators are at a loss.. they are not going to pass any legislation that is introduced in the Senate.. as Warrens bills have been nixed a few times.. because the wealthy do not wish to pay more taxes.. and it won't happen until Americans really can once again get their voices back in the middle class. The Bankers, lobbyists and Wall Street Money changers are calling the shots.. and that's it in a nutshell. Most legislators know that these bills won't pass, and they aren't very much more than band aids to begin with for that very reason.. anything that is a SOLUTION.. wouldn't stand a chance in hell. The reason... the Oligarchs are in charge.. very simple. Americans must come to grips with the reality that the studies recently on the internet showing that we are becoming a real Oligarchy aren't a joke. It's happening. Freedoms and Justice are being lost to the control of the money changers. Nothing new historically.. but.. the past 25 years has seen the heavy lobbying and powerful money infecting the Nations political system and purchasing their power. Look at Bill Gates.. he's even purchased the Common Core educational model...(which is receiving much controversial public revolt.. lately).... so he can pedal his software to the educational system under the guise of helping the country improve it's educational process. The White House invites the money changers to meet in the back rooms for private closed door meetings.. and the Voices of We The People are banished from the White House Board Rooms... Bankers, Corporate Execs and even movie stars.. who can line the pockets of the politicians seem to be the name of the game in "Their Town". Getting the money out of the political system, and most importantly monetary reform and monetary justice.. must be implemented. Citizens United was a symptom.. now we are dealing with a full blown disease.. the parasites of exploitation continue to find another host to feed off of.. and the Student Loan Crisis may be one of the worst of all. If those figures don't scare you.. they should. That was a good portion of the wealth they exploited and robbed from our production and our promissory obligations. American has become a Bankers parasitic paradise.... and without due diligence, and a return to self determination and recognizing that we have Human Rights that are Liberty and Justice for All.. we are in for a major economic decline. After a lot of research,info, and discussions with many it is obvious the reason we have no Resolution.. is not only do we not recognize there is one.. but.. we as a people have not yet resolved to ACT and affect the change we truly deserve. Until we do realize we have the Human Rights under the Constitution, and we must demand that they be restored and new amendments adopted to remove the predation of the political structure.. we are and will remain in terminal monetary failure.. for the politicians do not know what to do.... that won't cost them their elitist status, their portfolios and their lifestyles ... should the suddenly decide to be doing what is Right for the American people and for Liberty and Justice for all. It's a choice for us.. we don't have forever. We have many who have lost their homes, their financial security, their pensions, and even had social security checks garnished for student loans..this is absolutely beyond preposterous and inhumane. It is the destruction of our Nation and our citizens to feed the hungry monster of greed. WE have a responsibility to the children and our grandchildren.