Reverse the Raid on Student Aid Act
Summary of the Democratic Alternative
Earlier this year, Congress cut $12 billion out of the Federal student aid programs in order to help finance tax breaks for the wealthiest Americans. Most of the savings generated from the cuts to the student aid programs were achieved by continuing the practice of forcing student and parent borrowers in many cases to pay excessive interest rates on their loans and by increasing college loan costs for parent borrowers.Congress should be making college more affordable, but instead Washington Republicans chose to put college further out of reach for American students and families.Democrats want to make students whole again. The…
