@ISIDEWITHQuestionseducationStarted 10yrs agoActive 41mins ago

Do you support increasing taxes for the rich in order to reduce interest rates for student loans?

In March 2019 the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.

Answer Overview

Response rates from 24.9m America voters.

53%
Yes
47%
No
49%
Yes
42%
No
4%
Yes, and increase government funding so every student receives a free college education
3%
No, and transition all current government student loans into privately managed accounts
2%
No, but we should still reduce interest rates for student loans

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Other Popular Answers

Unique answers from America voters whose views went beyond the provided options.

 @8Z6PT3P from Kentucky answered…3yrs3Y

No, and we should reduce taxes for everyone regardless of how rich or wealthy they are in order to reduce interest rates for student loans too.

 @5BCWQY6from Arizona answered…4yrs4Y

No punishing sucess reduces motivation to strive for sucess.

 @93YZMSK from Georgia answered…2yrs2Y

No, but we should abolish interest rates for student loans.

 @959K74L from North Carolina answered…2yrs2Y

No, but abolish interest rates for student loans.

 @9FF68QY from North Carolina answered…1yr1Y

No because even though they are rich they worked hard for their money and it wouldn't be fair for us to treat them differently just because they are more wealthy

 @9D7MTVS from California answered…1yr1Y

Lowering the student Loans can be good for some people, but there's little chance that you will get into college.

 @5B4HCFBfrom Ohio answered…4yrs4Y

Only for certain majors.

 @5KQSFFDfrom Arkansas answered…4yrs4Y

The problem is that the cost of colleges has increased so dramatically compared to average income. Regulations should be put in place to bring these closer together. I also think that providing money for early childhood education, arts programs in schools, and after school programs would better benefit society than putting that money towards paying for people to go to college.

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 @ISIDEWITH submitted…2wks2W

Biden restarts late fees on student loans

Starting in October, borrowers who miss their student loan payments or make a payment significantly after their due date will start incurring late fees again. While these fees may be minimal in certain cases — say, $5 — they have to be repaid, and they add to the total cost of monthly payments. Falling behind for multiple months can lead to compounding late fees, further driving up the cost of curing missed payments and avoiding default.During the on-ramp period, missed federal student loan payments were not supposed to be reported negatively to the national credit bureaus or otherwise adversely impact a borrower’s credit report. Even borrowers who were already in default when the on-ramp period began should not have experienced negative credit reporting under the related Fresh Start program, according to the Department of Education. Fresh Start is similar to the on-ramp in protecting borrowers from the consequences of default, while also giving them a pathway back into good standing and regular repayment. Like the on-ramp, Fresh Start also ends on September 30.But with the on-ramp ending, missed payments will now be reported to national credit agencies again. Even one missed payment can severely damage someone’s credit report and reduce their credit score dramatically. While some loan loan servicers may not report missed payments until the borrower is 90 days past due, missed or delinquent payments can technically be reported after just 30 days.

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 @ISIDEWITH submitted…17hrs17H

Venezuela cancels passports of dozens of activists and journalists

Venezuela has cancelled the passports of dozens of journalists and activists since Nicolás Maduro claimed a re-election victory, part of what rights groups say is an intensifying campaign of repression against the authoritarian president’s opponents.At least 40 people — mostly journalists and human rights activists — have had their passports annulled without explanation, according to Caracas-based rights group Laboratorio de Paz, which warns that the number is likely to be much higher due to Venezuelans’ fear of reporting cases.Others have had their passports confiscated by authorities while attempting to board flights from the country’s main airport.“It was terrifying,” said one rights activist, whose passport was taken by authorities at the airport last week without explanation. He declined to give his name for fear of reprisals. “I knew it was a risk that I could have my passport taken or be jailed when I got to the airport, and they went with the former.”Carla, a journalist who chose not to give her surname, discovered while abroad that her passport had been cancelled.“I asked myself, ‘now where do I come from,’” said Carla, who is not sure whether she will try to return home.The cancellation of passports comes amid a wider campaign of repression in response to anti-government protests that broke out following an election verdict that has not been recognised by the Organization of American States, the US and the EU.

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 @ISIDEWITH submitted…2 days2D

Iran Warns to U.S. Allies Don’t Help Israel, or You’re Next

Tehran is threatening in secret diplomatic backchannels to target the oil-rich Arab Gulf states and other American allies in the Middle East if their territories or airspace are used for an attack on Iran, said Arab officials.Israel has threatened Tehran with a severe reprisal after Iran fired about 180 ballistic missiles at Israel earlier this month, with some Israeli officials and commentators pushing for damaging strikes on Tehran’s nuclear facilities or oil infrastructure. In that event, Iran has warned it would respond with devastating hits on Israel’s civilian infrastructure, and would retaliate against any Arab state that facilitated the attack, the officials said.The Arab officials said the countries that Iran has threatened include Jordan, the United Arab Emirates, Saudi Arabia and Qatar, all of which host U.S. troops. These states have told the Biden administration that they don’t want their military infrastructure or airspace to be used by the U.S. or Israel for any offensive operations against Iran, the officials said. While the Iranian threats are vague, they have raised concerns in energy-rich Persian Gulf states that their oil facilities—long viewed as protected by an American security umbrella—could be hit, the Arab officials said. U.S. military installations and forces in the region could also be at risk in a region with one of the highest concentrations of American troops in the world, they added.While the Iranian threats are vague, they have raised concerns in energy-rich Persian Gulf states that their oil facilities—long viewed as protected by an American security umbrella—could be hit, the Arab officials said. U.S. military installations and forces in the region could also be at risk in a region with one of the highest concentrations of American troops in the world, they added.

▲  4720 replies1 disagree