Extra Bonus HCR Prize

I didn’t realize it until just now but the Dems slipped SAFRA into the reconciliation passage along with the HCR stuff. This will eliminate the middleman in student loans, with the government lending to students directly instead of routing the money through Sallie Mae, etc. Along with saving billions the bill will increase the size of Pell Grants and index them to inflation, lower the payments in the income-based plan that was recently created from 15 to 10 percent of monthly discretionary income (though only on loans taken out after 2014, goddamnit) and provide some additional money for grants and soforth. The healthcare stuff is more of a mixed bag but I don’t see anything in SAFRA to be upset about other than the delayed changes to the IBR program.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s