‘Invest in students’: Bannock Democrats glean support for lower loan rates
By Michael O'Donnell
Idaho State Journal
Published: June 29, 2013 3:38 am
If Idaho's Senators fail to act on a bill passed by the House, the interest rate on Stafford student loans will double, from 3.4 percent to 6.8 percent beginning July 1. This will drastically increase the cost of attending Idaho State University as well as other state colleges, job training programs and adult skills development.
"Congress should be investing in young students. They are our future. It's wrong that Congress will hide behind its own inaction and try to balance the budget by charging high school graduates much, much more for striving to better their education," said Dave Finkelnburg, chairman of the local Democrats. "The cost of college has increased over 50% just in the last 10 years. Help us tell our Senators to keep college affordable!"
According to the Center for American Progress, more than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college. These loans are handled through the U.S. Department of Education and currently hold an interest rate of 3.4 percent. Unless Congress acts immediately, that rate will double, and thousands of students in Idaho will see interest rates soar to 6.8 percent on new loans taken out in the next year. This will cause a steep rise in their loan burden and effectively increase the cost of obtaining a college degree.
Doubling the cost to attend college is a moral and financial travesty that should not be allowed to happen. All area residents and students concerned by the possibility of student loans rising in July are encouraged to attend the noon rally Friday, June 28th at the corner of Oak and Yellowstone in Pocatello. We look forward to seeing you there! For more information about this event, please contact our organization via email at firstname.lastname@example.org, find us on Facebook or call us at (208) 234-8908.
On Tuesday, June 25th, the Bannock County Democrats will be holding their scheduled monthly meeting of the Bannock County Democrats' Central Committee, beginning at 7:00 PM and ending shortly after 8:00 PM. Precinct Captains are reminded to attend, and all county Democrats are invited to attend and participate.
This event will be held at our headquarters, which are located at 355 Yellowstone Ave., across the street from Mama Inez restaurant. Entrances are at the front and back of the building, with parking in back.
Attend Central Committee to get updated with what is happening with the party and our plans for the future. We look forward to seeing you there! For more information about this event, please contact our organization via email at email@example.com, find us on Facebook or call us at (208) 234-8908.
Pocatello — On Wednesday, June 12th, the Bannock County Democrats will be holding a Political Soup luncheon. We'll be serving up some yummy soup and bread between 11:30 a.m. and 1:00 p.m.
This event will be held at our headquarters, located at 355 Yellowstone Ave., across the street from Mama Inez restaurant.
Our speaker will be new Idaho Democratic Party chairman Larry Kenck via speakerphone. Kenck is a fourth generation Post Falls, Idaho native who lives in Post Falls. He twice ran for the state senate and has served as Kootenai County Democratic Party Chair. He founded the North Idaho Democracy Dinner, which is in its 12th consecutive year. Kenck was a Business Agent with the Teamsters Union representing North Idaho and Eastern Washington and did political work and trainings for the International Brotherhood of Teamsters around the United States. He was spokesman for the Repeal Right to Work effort and worked as a member of the Idaho State AFL-CIO. He currently sits on the Idaho State Industrial Commission Advisory Board. After retiring from the Teamsters, he worked around the country as a Field Director and lobbyist with the Coalition Against Bigger Trucks both federally and in 38 states. He will tell attendees about his vision for the party for the next 17 months.
Political Soup is a great way to stay in touch with fellow Democrats in our area, as well as to pass around ideas and suggestions. Entrances are at the front and back of the building, with parking in back (please do not take parking spaces belonging to businesses along adjacent buildings). We look forward to seeing you there! For more information about this event, please contact our organization at firstname.lastname@example.org or call (208) 234-8908.