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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 | Budget

Supercommittee Squanders Opportunity to Cut Waste

Following months of partisan bickering, the Supercommittee has squandered a major opportunity to cut truly wasteful spending and special interest handouts.

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News Release | U.S. PIRG | Transportation

Senate Transportation Bill Misses Opportunity for Historic Change; Includes a Mix of Positive and Negative Measures

Statement by Phineas Baxandall, U.S. PIRG’s Senior Transportation Analyst, regarding the Senate Environment and Public Works Committee’s draft transportation two-year bill.

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Media Hit | Budget

Consumer Affairs: Study Finds Problems with Red-Light, Speed Cameras

“Too many cities wrongly sign away power to ensure the safety of citizens on the roads when they privatize traffic law enforcement. Automated traffic ticketing tends to be governed by contracts that focus more on profits than safety.” said Phineas Baxandall Ph.D., the Senior Analyst for Tax and Budget Policy at the Public Interest Research Group and a co-author of the report.

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Media Hit | Budget

USA Today: Red-light Traffic Camera Deals Under Scrutiny

Local governments hungry for revenue are signing contracts with red-light camera companies that put profit over traffic safety, according to a new study by a national public interest advocacy group.

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News Release | U.S. PIRG Education Fund | Budget

New Report Outlines Problems with Red-Light and Speed Cameras

A new research report released today outlines problems with the growing trend among cities to outsource traffic enforcement to red-light and speed camera vendors.

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