7 Tewksbury Students to Be Affected by Failure of Scott Brown and Senate Republicans to Prevent Loan Rates from Doubling
Without action, interest rates on Stafford loans will double, adding an average of $1,000 per year to college cost for 7 residents of Tewksbury
On July 1st, 7 Tewksbury students will see their student loan interest rates double if U.S. Senator Scott Brown and his Republican colleagues in the Senate continue blocking plans to extend the current low interest rates. At the end of the month, interest rates on new loans are set to double from 3.4% to 6.8%, adding an average of $1,000 each year to the cost of attending college. Republican U.S. Senator Brown has already joined his GOP colleagues in voting to block legislation that would extend the lower rate. Currently, 195,000 students across the Commonwealth receive Stafford loans.
“Scott Brown should stand with Tewksbury families, not Washington, DC Republicans, and stop blocking efforts to keep loan interest rates low and college affordable for middle-class families.” said Massachusetts Democratic Party Chair John Walsh. “His political games are going to cost 7 college students in Tewksbury an average of $1,000 a year."
Republican Senator Scott Brown has already voted to block legislation that would have extended the current 3.4% interest rate and prevented the rate from spiking to 6.8%. Brown’s own proposal to keep the rate at its current level does not provide anywhere near the $6 billion required to pay for the legislation, according to the nonpartisan Congressional Budget Office. Massachusetts college student Brendan Concannon today called on Brown to abandon his phony proposal and stop blocking real efforts to keep rates low.
“My message to Scott Brown is clear – don’t double my rate,” said Concannon, a Bridgewater State University student and South Shore Regional Director of the College Democrats of Massachusetts. “College is expensive enough as it is, I don’t need Washington making it any tougher.”
Let the Truth be Told
8:03 am on Saturday, June 23, 2012
The remaining 30,000 population benefits! Go Scott.
Rusty
11:37 am on Saturday, June 23, 2012
Asking for another hand out, man up pay your bills like everyone else .
Who Me?
6:17 am on Sunday, June 24, 2012
Hmmmmm....I wonder what these students share of the bill is from Obama more than doubling the National Debt?
Kathleen Brothers
1:57 pm on Monday, June 25, 2012
Just look at the heading at the top of this article. Fair and balanced?
Melissa Gleaton
4:07 pm on Monday, June 25, 2012
I didn't know an organization was a local voice. Now if this was written by one of our town's committee people, that's one thing.
Melissa Gleaton
4:17 pm on Monday, June 25, 2012
Students are a huge high-risk population for loans. Since the government wants to provide services like a bank, they need to operate like one. The government is not immune to inflation. Just because "it would be nice" doesn't make it wise or sustainable.
Melissa Gleaton
5:14 pm on Monday, June 25, 2012
Wait a minute, only 7 students from Tewksbury are going to college with a new stafford loan next year???? This is just laughable propaganda straight from the horse's mouth (Mass dems... really?).
Kathleen Brothers
5:35 pm on Monday, June 25, 2012
What would Elizabeth Warren do?
Who Me?
6:22 pm on Monday, June 25, 2012
First we would have a Pow Wow, then we would smoke a peace pipe. In the end rates go up and rates go down.
Melissa Gleaton
5:42 pm on Monday, June 25, 2012
MassDems.org has posted the SAME article on EVERY Patch site in the state - only changing the number of students in each one. DISGUSTING.
Who Me?
6:25 pm on Monday, June 25, 2012
What would Scott Brown do.....
http://www.redstate.com/jeff_emanuel/2011/10/25/elizabeth-warren-on-occupy-wall-street-i-created-the-intellectual-foundation-for-what-they-do-i-support-what-they-do/
Who Me?
6:39 pm on Monday, June 25, 2012
And most importantly.......
What will the voters do..........
http://thehayride.com/2012/03/the-obama-administrations-historic-milestone-more-debt-than-his-predecessor-in-less-than-half-the-time/
Douglas W. Sears
12:16 pm on Thursday, July 19, 2012
“Scott Brown should stand with Tewksbury families ..." said Massachusetts Democratic Party Chair John Walsh.
Scott Brown not only stands with Tewksbury families -- he walked the whole length of the Memorial Day Parade -- two years in a row -- to ovations from young and old!
Who has ever seen Chairman Walsh in Tewksbury? -- or even walking the walk.
Ronald
12:55 pm on Thursday, July 19, 2012
Is the Patch Democratic? I only say this because of all the Obama ads and the negative Republican articles.
They need to stay neutral!
Bill Gilman
1:05 pm on Thursday, July 19, 2012
Ronald, Patch is and always has been politically neutral. We, like any publication, accept paid ads from any political campaign. We run the ads that are bought by both Obama and Romney.
As for negative republican articles, I'm not sure what you are referring to.
Blog posts are posts submitted by readers much the same way op-eds are in print newspapers. They are the opinion of the author, not the opinion of the publication.