By David Dayen

Today, the Senate votes on Elizabeth Warren’s bill to refinance previously issued student loans to current rates, which would save borrowers $55 billion over 10 years. The bill is designed to play up a contrast between the two parties on student aid; it’s not going to pass. And ultimately we need to give young people a free or near-free public option for higher education, rather than modestly subsidize the indebtedness that causes delays in major purchases and harm to the economy. But you could certainly do worse than reducing the massive amount of money the government makes off student borrowers (and I don’t think you have to pay for it; an investment in higher ed pays off itself in the long run). Continue reading Elizabeth Warren faces right-wing stooge: Here’s who’s quietly funding her top critic – Salon →