Government Treats Banks Better Than Students

A Fighting ChanceAmerica’s young people are struggling with more than $1 trillion in student loan debt. I asked: why does the United States government lend to the biggest banks — the same banks that nearly broke our economy — at an interest rate that is less than one percent, and then turn around and charge our students an interest rate that is nine times higher? Why is the US government scheduled to make $185 billion in profits off the backs of our students? We’re not investing in these students — no, we’re asking them to pony up the money to subsidize the rest of us.

—Elizabeth Warren
A Fighting Chance

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