Rahm Emanuel and Student Loans
Since Obama has named Rahm Emanuel his new Chief of Staff, I decided to see if could find out anything about Emanuel’s positions on policies affecting student loans. Information is sparse, but so far:
Voted No on the Bankruptcy Abuse Prevention and Consumer Protection Act, which, as most of you are familiar with, was the law that made it virtually impossible for debtors to discharge their student loans in bankruptcy. (Obama also voted against this bill, and not that it matters any more, McCain voted in favor of it).
Voted Yes on the College Student Relief Act, which would have lowered the interest rate on federally-subsidized student loans from 6.8% to 3.4% by 2011. Unfortunately, the bill has yet to be passed by the full Congress.
Looks good so far. Still digging…