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A Blog from New America's Higher Education Initiative

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Murray Budget and Student Loans: Where’s the Money?

Published:  March 21, 2013

Education advocates have been lauding the budget resolution wending its way through the U.S. Senate. They praise the Senate budget resolution (aka the “Murray budget,” so named for Budget Committee Chair Patty Murray) for rolling back the increases in origination fees for student loans and for addressing the July 1 expiration of the 3.4 percent interest rate on Subsidized Stafford loans for undergraduates. These advocates have either been duped or are simply giving Senate Democrats a free pass: The Murray budget does not include funding for any changes to student loans – or any education programs on the entitlement side of the budget, for that matter.

Read the full post here on Ed Money Watch.

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