Page 59 - Student Loan Program News Today

Will hold between now and the end of the year. because the american people will have an opportunity to see things that we have been talking about coming true. will their insurance premiums go down or will they go up? theyre certainly not going to go down. will they see their taxes go down? no, their taxes are going to go up. what about the budget deficit? the budget deficits going to go up. what about more government involvement in health care? both health care and now student loans. the governm...

What im dreaming now. >> right. >> but, remember, we could be in a better position. that isnt to say were going to win mi joajorities. but republicans have to carry on with what were hearing from the american people in terms of trying to right this wrong and get us back on a track that doesnt lead to a train wreck. >> setting aside repeal, i know you and your colleagues are vowing to fight tooth and nail to block the reconciliation package from passing the senate using every parliamentary trick ...

>> thats right. all right. caroline shively reporting live from the bureau in d.c. thank you very much. its because the student loan aspect of the health care bill is in there that senator ben nelson who wound up getting that cornhusker kickback, he had been a no and then he voted yes and now we understand hes going to be a firm no because he says it taxes too much and it costs too much and theres a student loan program in there and by the way, theres a big student loan program based in his home...

This is not just entirely about healthcare. also is a total overhaul the student loan program, protected by filibuster and added by the house. republicans are calling it the obama administrations overreach into the private sector. democrats say it will make college loans more affordable. republicans say its the obama administration taking over more. >> karl, live at the rotunda. good to see you. >> how big of a defeat was it? listen to what one prominent conservative said. one of the most crushi...

Banks are getting upwards of $9 billion a year. secondly, if a student defaults, we are still responsible. so the banks, frankly, are a pass-through. so thats really the difference here, and so the federal government was already providing student loans anyway. right now some 2,300 universities are participating in the direct student loan program from the department of education, according to the obama administration up to 1,000 colleges a few years ago. so if youre a high school student, if your...

Of this second to have happy time with you. >> shepard: tell me -- look, right now, this is just a matter of -- isnt this just going to be pushed through and thats it? then we can move on? >> its not so easy. the reconciliation bill has to reduce the deficit. thats the point. >> shepard: you have tocchet the cbo to say it. >> the problem is what the reconciliation bill is doing is changing the senate bill. so it has to reduce the deficit more than the senate bill but the changes increase the def...

Government subsidies to private lenders over 10 years while increasing student loans. it easily passed the house last year but it faces stiff opposition in the senate. >> the motto of the obama administration seems to be if we can find it in the yellow pages, the government ought to try to do it. and they not only are doing it with health care, they are saying well, while we are at it, lets take over the student loan program. >> the student loan bill currently has no chance of gaining 60 votes i...

Reconciliation bill that will only require 51 senate votes for a final passage. on top of that, the student loan bill was popular when it passed in the house in september, so it could entice a few wavering democrats to come on board with health care, plus student loans in that combined package. >> i think members look at this combination and being able to help families on health care, to be able to help families with the cost of their kids education or their own ed education, that sounds like a ...

Is not the first time it happened, it allows them to handle health care and the change in the student loan program under the protection of reconciliations. now, since you can only do one reconciliation bill per year they are put under the same bill and its the only way, the student loan program will actually get through the senate, it is unlikely the measure would pass as a stand alone provision which would be subject to a 60-vote threshold and this, of course, requiring only a simple majority a...

Government subsidies to private lenders over 10 years while increasing student loans. it easily passed the house last year but it faces stiff opposition in the senate. >> the motto of the obama administration seems to be if we can find it in the yellow pages, the government ought to try to do it. and they not only are doing it with health care, they are saying well, while we are at it, lets take over the student loan program. >> the student loan bill currently has no chance of gaining 60 votes i...