The above video, which was uploaded to Youtube by CongressmanNadler, shows Nadler on Fox News defending legislation that will cut private lending institutions out of the federal student loan process, as well as offer amnesty to students after a certain number of 20 years, rather than 25.
The law, which was to begin in 2014, will instead take effect next year, according to a press release from President Obama.
What’s your opinion on for-profit student loans?
How about tax-payer funded amnesty for debtors?
U.S. Rep. Jerrold Nadler represents New York’s 8th Congressional District, which includes Manhattan’s Upper West Side, Hell’s Kitchen, Chelsea, SoHo, Greenwich Village, TriBeCa, the Financial District and Battery Park City. In Brooklyn, the 8th District includes parts of Borough Park, Red Hook, Sunset Park, Bay Ridge, Bensonhurst, Coney Island, Brighton Beach, Gravesend, Dyker Heights, Bath Beach and Seagate.