Tom Harkin Wants To Take Money From College Students To Pay Reviled Loan Contractors
"An outgoing Senate Democrat wants to take federal money from low-income college students to pay student loan contractors, whose tactics toward borrowers have been criticized by consumer advocates, federal regulators and the U.S. Department of the Treasury.
Sen. Tom Harkin (D-Iowa), chairman of the Senate education committee and the appropriations subcommittee in charge of federal education expenditures, has proposed taking $303 million from the Pell grant program to increase revenues for some of the nation’s biggest student loan specialists, according to a July 24 version of a 2015 fiscal year spending bill now being negotiated by congressional leaders.
Student advocates and congressional aides largely missed Harkin’s move last summer -- partly because the full text of the spending bill wasn’t publicly released until six weeks after Harkin’s subcommittee approved it. They only noticed it in recent days as congressional negotiators work off his bill in the rush to finalize discussions on the federal government’s 2015 spending plans."
http://www.huffingtonpost.com/2014/12/06/tom-harkin-pell-grants_n_6278920.html
= new reply since forum marked as read
Screw the kids!
So what's he being paid to do this
