Detailed text transcripts for TV channel - MSNBC - 20130718:16:40:00
Be a step forward. >> under the deal the undergraduate students will be able to borrow at a rate of 3.85% this fall, though that rate will climb in coming years but will ultimately be capped at 8.25%. lob loans are a boon for the federal government which is on track to make $51 billion in profits on student loans this year alone. that fact does not sit well with massachusetts senator elizabeth warren who yesterday ripped congress for balancing the books on the backs of poor students. instead of helping our students, said warren, the government is making a profit on student loans. that is wrong...
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