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News Release | U.S. PIRG | Higher Ed

Federal Government Makes Billions from Student Loan Borrowers Yearly

Today, a coalition of youth and student groups released an issue brief demonstrating that the federal government is making billions in revenue through the federal student loan program. The report projects that student loans will generate over $36 billion in revenue in 2013, in part because of a scheduled July 1 doubling of Stafford loan interest rates.

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Report | U.S. PIRG | Higher Ed

Issue Brief: Don't Double Our Rates

Congress should be helping to keep college affordable, not making it more expensive for student loan borrowers to pay for college.

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Media Hit | Higher Ed

New York Times: Student Loan Rate Set to Rise, Despite Lack of Support

“Higher education loans are meant to subsidize the cost of higher education, not profit from them, especially at a time when students are facing record debt,” said Ethan Senack, the higher education advocate at the United States Public Interest Research Group.

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News Release | U.S. PIRG | Consumer Protection, Financial Reform

CFPB Ends Kickbacks by Mortgage Insurers

U.S. PIRG applauds CFPB’s enforcement action, including over $15 million in total penalties, against four mortgage insurers to end the practice of giving kickbacks to mortgage companies to get their business.

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News Release | U.S. PIRG | Budget, Tax

Offshore Tax Havens Cost Average Taxpayer $1,026 a Year, Small Businesses $3,067

With Tax Day approaching, it’s a good time to be reminded of where our tax dollars are going. U.S. PIRG released a new study which revealed that the average taxpayer in 2012 would have to shoulder an extra $1,026 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. The report also found that the average small business would have to pay $3,067 to cover the cost of offshore tax dodging by large corporations.

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News Release | U.S. PIRG | Higher Ed

Congress Must Keep Their Eye on the Prize

Statement of Rich Williams, U.S. PIRG Higher Education Advocate, on the upcoming vote on H.R. 4628: "Unless a new plan is adopted by Congress, interest rates on subsidized student loans for nearly 7.5 million students will double on July 1st."

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News Release | U.S. PIRG | Food

Senate Committee Approves New Taxpayer Giveaways to Big Ag

The Senate Agriculture Committee’s proposed Farm Bill would entrench taxpayer handouts to large agribusinesses and underwrite junk food ingredients

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News Release | U.S. PIRG | Public Health

Mad Cow Highlights Need for Continued Funding of APHIS Program

With the identification of a cow infected with bovine spongiform encephalopathy in California yesterday, the cuts that the USDA want to make in the APHIS program may not be prudent. 

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News Release | U.S. PIRG | Higher Ed

President calls for extending lower interests on student loans to combat rising debt burden

Statement of Rich Williams, Higher Education Advocate for U.S. PIRG, on the President’s call for extending lower interests on student loans to combat rising debt burden.

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News Release | U.S. PIRG | Tax

Lobby Effort Disbanded to Create Tax Holiday for Users of Offshore Tax Shelters

Bloomberg and The Hill yesterday reported the disbanding of the lobbying effort to create a tax holiday for profits stashed in offshore tax havens. The “Win America Campaign,” which included corporate giants such as Cisco Systems, Duke Energy, Pfizer and Microsoft, ended its relationship with two of its three lobbying firms in March, according to forms reportedly filed with the U.S. Senate last week.

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Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Obama administration to put an end to the worst practices.

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