Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
I think Katrina is one more indication of how inefficient and corrupt this Administration is, and indicates the absolute lack of seriousness that [George W.] Bush has in making the government respond to the needs of the people. They are so separated from the lives of normal, low-income people that it never occurred to them that if you're poor and have no money, no car, that you can't leave.
We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.
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