UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Jackson urges 1 percent student loan rate

|
 
Published: Jan. 17, 2009 at 3:31 PM

CHICAGO, Jan. 17 (UPI) -- Interest on student loans should be dropped to 1 percent to aid struggling families and stimulate the U.S. economy, the Rev. Jesse Jackson Sr. said Saturday.

The proposed interest-rate reduction is part of Jackson's 10-point plan for economic recovery.

"Civil rights has always been the third rail, the driving force behind new politics and changing politicians," Jackson said in Chicago during birthday celebrations for slain civil rights activist Martin Luther King Jr.

He said King's effort laid the groundwork for the historic election of Barack Obama as the first black president of the United States.

On his recovery plan, Jackson said if banks are able to benefit from interest rates as low as 1 percent then students should benefit from it too, said a statement from Rainbow PUSH Coalition, a group founded by Jackson to expand civil rights and improve economic conditions for poor people.

Topics: Jesse Jackson Sr.
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Top News Stories
1 of 17
Tornado recover efforts underway in Moore, Oklahoma
View Caption
Oklahoma Governor Mary Fallin talks to victims from the May 20 tornado that hit Moore, Oklahoma, May 22, 2013. The EF-5 tornado cut a path of destruction approximately 17 miles by 1.3 miles wide and left 24 people dead. UPI/J.P. Wilson
fark
Man accused of bestiality porn gets off on a technicality. Also, a horse, several dogs, a lemur...
You know how at the end of Silence of the Lambs, the Senator's daughter got to keep Buffalo Bill's...
Five TV shows that are shaping world politics. And this isn't some silly list put out by an entertainment...
How to steal the mini-bar like a boss
You've lost faith in our systems, witnessed a parade of lies and deceit. So you look for comfort,...
Charles Ramsey awarded free McDonalds for life, which will now be about six months