The Republican “plan”

Ralph —

So why does the Republican plan do exactly that?

Last month, House Republicans passed a bill that actually raises interest rates. At the time it seemed like an empty gesture. But with just 14 days before the July 1st deadline, their plan is the only one that’s been passed — and that gives Republican hardliners all the leverage

We need the Senate to pass a strong, progressive reform bill, one that actually protects our students and highlights Republican hypocrisy.

DFA is mounting a final push before the July 1st deadline to get that bill passed — and it’s going to take all of us chipping in. Can you help us raise $50,000 to get this done by donating $4 or more today?

Here’s what the House’s plan does: Instantly raises student rates to 4.64%, then puts them at the mercy of the market, potentially allowing rates to go as high as 8.5%. While we give away money to Wall Street banks, Republicans want to squeeze graduating students for every penny they can. President Obama and Senate Democrats initially rejected this plan, but with the clock ticking and elections looming, they’re going to be looking for a compromise — on John Boehner’s and Eric Cantor’s terms.

This is where we are. The Republicans are waiting out the clock. The Democrats are dragging their heels. And American students and families will pay the price.

Democracy for America is going all in to pass a Senate bill that treats our students like our future, not our piggy banks. We’re organizing events all next week, culminating in a national Day of Action. We’re not waiting for Congress to act — we’re demanding action.

We need to raise $50,000 for our final push before July 1st. Your support today is critical — chip in $4 or more.

Thank you for all you do,

Howard

Gov. Howard Dean, M.D.
Founder, Democracy for America