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Kerry seeks end to windfall profits on student loans
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Apr 14, 2004 01:04pm |
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| Category | News |
| News Date | Wednesday, April 14, 2004 06:00:00 AM UTC0:0 |
| Description | Kerry seeks end to windfall profits on student loans
KFOR Oklahoma City
Democratic presidential candidate John Kerry said he would pay for his plan to give a free college education to young students who agree to public service by ending a $13 billion "windfall" that banks earn for making government-backed student loans. Kerry contends that as many as 500,000 young men and women would be lured into public service by his plan, which would reinvigorate the nation's commitment to such service. His plan, to be announced Wednesday at a roundtable in New York City, is aimed at answering questions about how he would pay for his proposals. Joining Kerry in Harlem are Sen. Hillary Rodham Clinton and Rep. Charles Rangel, both New York Democrats. "We are going to bring about the largest increase in domestic national service in our history," Kerry said in remarks prepared for delivery. Kerry is spending the week focusing on the spiraling cost of a college education. One linchpin of his package is a proposal to offer a free college education to young students who agree to a period of public service. |
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