Candidate Watch
Hillary's 'two percent' college loan

State College, Pa., April 20, 2008.
"I went to law school [and] borrowed money from the federal government at two percent interest. I bet there are some people here who remember that. There was a program called the National Defense Education Act. Our government invested in young people."
--Hillary Clinton, Pennsylvania State University, April 20, 2008.
Hillary Clinton has been painting a halcyon picture of her days as a Yale Law School student between 1969 and 1972, and how easy it was back then for students to borrow money from the federal government. She drew a collective groan from 1,500 Penn State students over the weekend when she recalled how she was able to borrow money at two percent interest to complete her law school studies. But student interest rates were not quite as low in 1969 as Clinton has claimed--and not everybody could get them.
The Facts
Passed in response to the Soviet launching of Sputnik, the National Defense Education Act of 1958 enabled colleges and universities to offer low-cost loans to graduates and undergraduates. The interest rate was set at three percent a year, a rate that was still in force when Clinton attended Yale Law School, according to a 1972 study by Bruce Johnstone titled "New Patterns for College Lending." By the early 70s, the fund had grown to around $290 million, benefiting 455,000 students.
While the loan terms were very attractive, they were not available to everybody, said Pat Smith, an expert on the history of student aid who now serves as a consultant for the American Association of State Colleges and Universities. "Not everybody who was needy got one of these loans. The elite institutions were better at getting the money because they had financial aid administrators who knew how to hustle for it." According to Smith, local community colleges and the less well-known public four-year institutions tended to get left out of the process.
The program proved costly for the government because it required a large amount of fixed capital and was administered by academic institutions who were good at handing funds out, but not so good at ensuring that they were repaid on time. "There were big defaults, and all kinds of loans that were made badly," said Smith. In the 70s, the program was largely superseded by guaranteed student loan programs that benefited much larger groups of students.
Another student loan program, cited by the Clinton campaign in response to questions about Clinton's Yale student loans, is the Guaranteed Student Loan program of 1965. Interest rates under this program were significantly higher than under the NDEA program. According to the Johnstone study, they stood at 7 percent per year in 1972.
Clinton has promised to pour $8 billion a year in new funds to make college more affordable, including an expanded tuition tax credit, bigger Pell grants, more aid for community colleges, and winding down the guaranteed student loan program.
The Pinocchio Test
Hillary Clinton was fortunate to obtain a NDEA loan to help finance her studies at Yale Law School. But she is painting a glossier-than-warranted picture of the federal student aid program when she went to law school. Interest rates were higher than she remembers.

Posted on April 23, 2008 at 6:00 AM ET
| Category:
1 Pinocchio, Candidate Watch, Education, Hillary Rodham Clinton, History
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Posted by: Tina | April 23, 2008 8:01 AM
Tina,
It isn't hard to see that all these little things add up. If Hillary becomes President, should she tell little lies, like this one, or big lies, like Bosnia? Here she was trying to make a point about something she may or may not be able to accomplish, but in doing so, she "misspoke." This is one of the many reasons that she cannot lead.
I'm afraid its you who are the idiot.
Posted by: jayne | April 23, 2008 8:58 AM
When her husband was President, Hillary was suppose to revamp the health care system. What happened??? She had eight years to do it. She did not walk the talk. She is all talk and no action.
Posted by: | April 23, 2008 9:41 AM
When I went to college it cost $200/yr at a state institution. I was the first in my family to get a degree. The real question is "What do we do to see that people can get all the education we need and can use.
Making education more affordable should be a larger concern than what was the percentage somebody paid for their college loan. Dale W
Posted by: Dale W | April 23, 2008 10:21 AM
Again this is such a rediculous column and shows your bias for Obama-
Can't you find anything better to do with your time. Also the Post is looking to dump people you should offer to go- readers would feel no loss at all.
Posted by: peter DC | April 23, 2008 10:58 AM
Thanks, the Press are the Idiots and the Liars. They paint a picture of Hillary being able to win a Nomination which is not possible Mathematically. On the other side they fail to realise that, the working class, small town Americans are the people one can conveniently call Racists. If they will vote for Hillary after all she did about NAFTA, then as Gov. Rendell said, there are people in America who till this day and time would never fail to see a Black President as a taboo. That is actually the main reason why small town Americans and "Illiterates", vote heavily for Sen Clinton, they are so locked up in the old ideas of yester-years. Their not going to college and seeing this world beyond the prism of their so called "Small towns", makes them easily gullible by the likes of Sen. Clinton. I am Sorry for America.
Unfortunate that this thing is moving this long and Hillary is still being seen as a viable Candidate for November. After all we have heard and seen about her.
Posted by: Chrys1 | April 23, 2008 10:59 AM
Admit it, Mr. Dobbs: you wait for every point you can magnify into a lengthy posting to justify a subjective "pinocchio". If Clinton or Obama said it, then it is worthy of your examination. Please show some objectivity and scrutinize SOMETHING, ANYTHING, Mr. McCain is talking about and give it the same scrupulous rigor you so diligently apply to the Democratic candidates.
Posted by: rdkling | April 23, 2008 11:10 AM
Chrys1: I agree. One has to wonder what it means that Hilary's base is mostly uneducated, poor whites. What does that say about her message? Although they - and elderly - make up Hilary's electorate in PA, they are not representative of the country nor the direction in which we need to go, which younger, better educated people understand.
I like the person's thoughts who said that Obama will just run out the clock....and pick up the vibrant, thinking people of this country as voters and delegates while he's about it - on his way to the White House.
Posted by: | April 23, 2008 11:12 AM
This was a very good column. One pinocchio might be a little light for such a firm and specific claim.
But above all I was pleased to see that Fact Checker provided some key context, namely, that this federal "investment" obviously didn't pay off, and that it wasn't "public" like it was supposed to be. Hillary talking up this lousy big government program foretells her adulation for future big government programs which will be a waste of taxpayer money.
Posted by: The Angry One | April 23, 2008 11:33 AM
Unfortunately, actual information embellishments made by the Clinton campaign will never really make it to the light of day on the "news" networks because they're all too busy looking for the next sound byte or ten second clip of the day. And this is what's so sad about this and all political races that take place, whether they be Republican or Democratic. Voters aren't voting in favor of a candidate's platform anymore, they're voting against others because they see these little clips and assume that that's all they need to know about someone. Hence, people are stuck on Reverend Wright, Bittergate and 3 AM ads without having a single clue as to how the candidates want to handle NAFTA and combat the housing crisis. I'm saddened by the state of our country's politics. Instead of looking to a higher politics, one where we can debate issues and vote FOR a candidate, we're still voting on gender, race and religion. We're not as different as the media makes us out to be with their generalizations of the voting public (the black vote, the white vote, the working class vote, etc.) Don't we all want the same thing?
I implore you all to please listen, read and understand the policies of each of the candidates. I am voting for Barack Obama because I believe that his policies are superior to the other candidates' in this race and that he will be able to at least stem the bitter, partisan divide that has plagued us for as long as I have lived. Vote anyway you please, it's your right. But it's also your duty to vote for someone for all the right reasons.
Posted by: Lyndon | April 23, 2008 11:40 AM
Like Bush- like Hillary! Another war-monger in disguise!! She has voted for WAR before!! Is she trying to get more money & support from Israel Lobbies in U.S.??? She is willing to "TOTALLY OBLITERATE" the PEOPLE, Men, Women and the Children of a country because of action of a FANATIC government!!? IF they able to do it in a first place? What if Israel's Fanatics create the situation? Remember "the Israel attack on USS Liberty ship in 1967"??
http://www.wrmea.com/archives/March_2004/0403009.html
Or who planted the bogus "Intelligence reports about IRAQ" for Pentagon & Congress?? U.S. is the ONLY country in the world that has used NUKE against people in JAPAN!!! Have we learned any lessons from HISTORY?? She would SAY & DO anything to get ELECTED! SHAME ON HER!! MORE THAN 4000 AMERICANS & ONE MILIONS IRAQIS HAVE DIED FOR "LIES", OIL and WAR PROFITTERS. THE WORLD IS MORE DANGEROUS BECAUSE OF PEOPLE LIKE HER & BUSH!! We do not want to leave like Israelis in WAR & Military state (practically for 60 years)!!! She could LEARN from PRESIDENT CARTER! He has the wisdom and HUMANITY to care for PEACE on EARTH!!! AMERICA, PLEASE STOP THE WAR MONGERS!!! IT IS A SMALL WORLD, LETS ALL SHARE IT in PEACE!!!!!
PREACH LOVE, HARVEST LOVE.......
Posted by: Justice | April 23, 2008 11:46 AM
I think this post was fair. Anyway, he just called out McCain on vaccination hysteria.
Posted by: Will | April 23, 2008 11:58 AM
For the record Hillary did state the 3%
amount during the past week and a half.
I agree that this is, again stupid analysis, and we as voters need to address
real issues of outright lies.
One issue that has constantly rankled my
eithical sense is Obama's consistant "I CAN
DO ANYTHING YOU CAN DO, YES I CAN!!
Since day one He has copied every plan,
program, idea, solution, etc., that Sen.
Clinton has brought forward for the People.
At first, I allowed that I may be imagining
this thought. Hillary was trying to point
this out herself. Perhaps you could verify
with more definition, if this is just my imagination.
Remember, what Harry Belafonte said in his
Jamacian ditty! "THE WOMAN IS SMARTER".
Ditties aside, where and when did he get
these similar, if not identical plans. No
wonder there SEEMS to be very little difference between these two canadates.
H E Rollman
Posted by: Helen E. Rollman | April 23, 2008 12:19 PM
Oh, you forgot to report that she lied about using yellow toilet paper instead of white. How could she-give me a break...why don't we talk about the big lies Obama says-hmmmmm that he never heard Rev. Wright say anything contraversial-are you kidding me?
Get over it and start reporting on maybe that Hillary won Penn by double digits.
Posted by: SBvoter | April 23, 2008 1:08 PM
TO MR KENNEDY
FROM : ALL AMERICANS
SIR, PLEASE DO ME A FAVOR, HOW ABOUT TELL ALL IN THE MEDIA AND NEWS, THAT LOOK AT WHAT ONE AMERICANS SAY, THAT WOULD STOP ALL BLEEDING IN THIS MORTGAGE MESS..
IT IS SIMPLE AS IT GETS...
HELP!!!
PEOPLE - - BEGIN TO RESEARCH and PROBE THIS ! ! ! !
SPECIAL "CLOSED SESSION" OF U.S. HOUSE OF REPRESENTATIVES
Word has begun leaking from last nights special,
Closed-door session of the United States House of Representatives.
Not only did members discuss new surveillance provisions as was the publicly stated
Reason for the closed door session, they also discussed :
1. The Imminent Collapse of the U.S. economy to occur by September 2008
2. The imminent collapse of US federal government finances by February 2009
3. The possibility of Civil War inside the USA as a result of the collapse
4. Advance round-ups of "insurgent U.S. citizens" likely to move against the Government
5. The Detention of those rounded-up at "REX 84" camps constructed throughout the USA,
6. The possibility of retaliation against members of Congress for the collapses
7. The Location of "safe facilities" for members of Congress and their families
To reside during expected massive civil unrest
8. The necessary and unavoidable merger of the United States with Canada
(for its natural resources) and with Mexico (for its cheap labor pool)
9. The issuance of a new currency - THE AMERO -
For all three nations as the proposed solution to the coming economic armageddon.
Members of Congress Have Been FORBIDDEN to reveal what was discussed
Several are so furious and concerned about the future of the country,
they have begun leaking info.
US Treasury Secretary Henry Paulson
Has Already Received His PERSONAL BAIL-OUT
Under Treasury Secretary Henry Paulson's .. Former leadership at
Goldman Sachs, the company has been instrumental to its penetration of Western
capital and other markets. - - Henry Paulson was vastly effective in Communist
China's .. Interests and enabling their access to Western economic assistance
and high technology
In late January 2006, Goldman Sachs purchased a stake in the Industrial and
Commercial Bank of China (ICBC), China's biggest bank, for $2.58 billion
Treasury Secretary Henry Paulson''''s .. Personal stake .. In this transaction
was $25 million
A PERSONAL BAIL OUT for : Treasury Secretary Henry Paulson and His
Criminal Friends
(Mar 27, 2008 (ruters.com) BBC) ... White House Resists Pleas for .. Mortgage Bailout
WASHINGTON (Reuters) - As clamor rises for federal help for homeowners
who face losing their homes .. U.S. Treasury Secretary Henry Paulson .. Seems
to be digging in heels against the effort.
U.S. Treasury Secretary Paulson sounded a tougher note than ever against any
possibility of bailout for individual mortgage holders, singling out the growing number
going "under water" as their loans exceed the diminishing value of their properties.
please this is a simple thing to fix, why are you bending over for all of the wallstreet scum.
you have the right to do what this paulson/ben did for wallstreet,saying they had to to save america. so you can say the same thing, but this time you would be saveing america, and not wallstreet.
you must come out and stop the forcloseing of all these millions of homes, now,
ALL YOU HAVE TO DO IS MANDATE THAT ALL MORTGAGES THAT HAVE BEEN TAKEN OUT FROM 2000 TO 2007 BY ALL AMERICANS TO BE RE-FI A.S.A.P. NO EXCEPTIONS,
NO MATTER WHAT THE CREDIT IS, THEY WILL RE-FI EVERYONE AT JUST OVER PRIME, AND AT A RATE OF 40% OF WHAT IS OWED ON THE PROPERTY( PERSONAL HOMES ONLY)!!
WHY, BECAUSE MOST HOST ARE SELLING AT FORCLOSER FOR 20 TO 30 CENTS ON THE DOLLAR, SO AS TO WHAT PAULSON SAID TO BEARSTEARN 2 DOLLARS IS BETTER THAN NO DOLLARS SO TAKE THE DEAL..NOW REMEMBER ALL OF YOU, IF THIS COMPANY IN 6 MONTHS LOST 98% OF THEIR VALUE FROM 700 BILLION TO WHAT IS IT NOW. AND FOR SOMEONE TO COME IN AND BUY IT FOR NOTHING, WHAT IS THE REAL VALUE OF ALL THESE HOMES???NOBODY KNOWS, SO WHY NOT JUST START OVER??? AND STOP THE BLEEDING FOR ALL AMERICANS.
FOR-AMERICA@HOTMAIL.COM
DAVID A BELANGER
FOR COMMON SENSE THIS IS SO EASY TO FIX DONT MAKE IT HARDER THAN IT IS PEOPLE.
AND LOOK AT THIS MORNINGS NEWS, THE GREAT POTATOHEAD PAULSON,AND BEN ARE IN TALKS WITH ANOTHER WALLSTREET FIRM GOING DOWN. MERRILL LYNCH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WHAT MORE BAILOUTS FOR WALLSTREET COMING.
Posted by: DAVID | April 23, 2008 1:21 PM
I got a federal college loan around the early 70s and paid about 3% interest and had long periods of no interest while in school. Looking back, I got plenty of loans and scholarships; especially, when compared to my college aged kids.
If you are going to question Hillary, you ought to research what the rate actually was. For me, 2% versus 2.5% or 3% is within the margin of error and not a falsehood. In fact, if you include the long periods of nonpayment and no interest, the real interest rate was below the low nominal interest rate.
Posted by: Barryw | April 23, 2008 1:41 PM
Last Week's Results Have Just Been Posted For The
2008 Presidential Election Weekly Poll
http://www.votenic.com
Vote to See Results.
Posted by: votenic | April 23, 2008 1:54 PM
There goes the filthy Media Checker again - Adjutant General of Obama's Media Army.
Read this article folks:
Obama's Media Army
By DOROTHY RABINOWITZ
April 23, 2008; Page A17
Nothing in the hysteria over last week's Democratic debate - including the unprecedented opprobrium press critics heaped on the ABC moderators - should have come as any surprise. That doesn't make it any less fascinating a guide to current strange notions of what is and is not a substantive issue in a presidential contest, or any less striking an indicator of the delicate treatment Mr. Obama's media following have come to consider his just due.
Moderators Charles Gibson's and George Stephanopoulos's offense was to ask questions Mr. Obama didn't want to address. Worse, they'd continued to press them even when the displeased candidate assured them these were old and tired questions.
- "Akin to a federal crime . . . new benchmarks of degradation," The New Yorker's Hendrik Hertzberg declared, of the debate.
- "Despicable. . . . slanted against Obama," Washington Post critic Tom Shales charged.
- A "disgusting spectacle," the New York Times's David Carr opined.
- The questions had "disgraced democracy itself," according to columnist Will Bunch of the Philadelphia Daily News.
The uproar is the latest confirmation of the special place Mr. Obama holds in the hearts of a good part of the media, a status ensured by their shared political sympathies and his star power. That status has in turn given rise to a tendency to provide generous explanations, and put the best possible gloss on missteps and utterances seriously embarrassing to Mr. Obama.
The effort and intensity various CNN panelists, for instance, expended on explaining what Mr. Obama really meant by that awkward San Francisco speech about bitter small towners clinging to their guns and religion - it seems he'd been making an important point if one not evident to anyone listening - exceeded that of the Obama campaign itself.
Still, no effort in helpful explanations was more distinguished than that of David Gergen, senior CNN commentator, who weighed in just after the first explosion of reports on Mr. Obama's pastor, Jeremiah Wright. About this spiritual leader - whose sermons declared the September 11 attacks to be America's just deserts, who instructed his flock that the United States had set forth on a genocidal program to kill black Americans with the AIDS virus, who held forth as gospel every paranoid fantasy espoused by the lunatic fringe about America's crimes - Mr. Gergen said, "Actually, Rev. Wright may love this country more than many of us . . . but we've fallen short."
It was an attempt at exculpation, as regards Rev. Wright, that no one has equalled, though many have come close. Not least Mr. Obama, who spends considerable time arguing that the press has focused on a few "snippets" taken from years of sermons.
Mr. Obama's apparent inability to confront, forthrightly, the pastor's poisonous pronouncements and his own relationship with him is, of course, the cause of all the continuing questions on the subject. It had not been in him, for instance, to say publicly that for a pastor to have preached that the U.S. government had embarked on a project to inject blacks with AIDS was an outrage on truth and decency. He delivered a celebrated speech on race, one generally hailed as a masterwork, that was supposed to have explained it all. It was a work masterly, above all, in its evasiveness. Even its admirers, prepared to swallow his repeated resort to descriptions like "controversial" for the pastor's hate-filled rants, couldn't quite give Sen. Obama a pass when it came to his beloved white grandmother, or to the not so beloved Geraldine Ferraro, both of whom he suggested were racists in their own right.
These issues - the unanswered, the suspect - which outraged press partisans have for days attempted to dismiss as trivia and gossip, largely forgotten by the public, are unlikely to be forgotten, either today or in the general election, nor are they trivial. This, Messrs. Gibson and Stephanopoulos clearly understood when they chose their questions. Mr. Obama's answers told far more than he or his managers wished.
Offered a chance to explain the meaning of his remarks about the reasons people living in small towns cling to guns and religion, he went on to repeat them all over again in different words. What there was in those remarks, what attitudes shown, that had offended people, he had still not grasped. In short, what he had said that day he'd meant to say. "What you are, picks its way," as Walt Whitman told us.
The way has been a long one for the candidates, and what they are is, indeed, picking its way on the campaign trail and during events like that instructive debate. About which, we now learn, there is to be a protest campaign against ABC and the moderators, mounted by assorted journalists and bloggers.
We are at the beginning of a contest likely to repeat itself through November: between that part of the press prepared to put hard questions equally, and all the rest, including those who'll mount the barricades when their candidate is threatened with discomfiture. Let the wars begin.
Posted by: | April 23, 2008 2:01 PM
There's something fundamentally and morally wrong with this columnist being held out as the "fact checker" for the Washington Post. I'm afraid our political discourse is fatally damaged.
Posted by: | April 23, 2008 2:24 PM
What this filthy fact-checker does has to be crime. I guess we now know where all the money Obama is making is going - to fund Post's fact-checking.
Posted by: | April 23, 2008 2:32 PM
Hey fact-checker, ever thought of checking these facts:
Obama said he was for a single payer health system, but now opposes plans that cover every American.
He promised to repeal the Patriot Act, but then voted to extend it.
He promised to normalize relations with Cuba, but flip-flopped when he started running for president.
He rails against NAFTA in Ohio while his top economic advisor assures the Canadians his rhetoric is just "political positioning."
He promises to opt in to public financing if the GOP nominee does, but then breaks that pledge in real time.
He promises to withdraw from Iraq within 16 months, and now his top foreign policy adviser says that he's not relying on the plan.
At first he knew of no controversial remarks from his pastor. Then he knew it. Then he knew some but not others.
At first the "union" that brought him into this world was caused by the bridge crossing/civil rights movement in Selma which, by the way, actually happened 5 years afterwards. Long after he was born.
He flattered Kennedys by crediting them for funding his father's arrival to US when the Kennedys had nothing to do with it.
Don't even get me going over the questionnaires he has filled indicating positions he has completely contradicted during this campaign cycle.
Obama claims he doesn't take money from lobbyists. Semantics. Because about HALF of his donations come from big donors and "bundlers" who in terms of influence on campaign and favors they expect in return are not much different from lobbyists. His bundlers include partners from 18 top law firms, 21 Wall Street executives and power brokers from Fortune 500 companies. Use of bundlers was perfected by George W. Bush who established a hierarchy of "Rangers" and "Pioneers" to monitor their progress.
Obama didn't think he was experienced enough to run for President in 2004. "I am a believer in knowing what you are doing when you apply for a job. And I think that If I were to seriously consider running on a national ticket I would essentially have to start now before having served a day in the senate. Now there's some people who might be comfortable doing that but I am not one of those people."
Posted by: | April 23, 2008 2:36 PM
I went to school in the late 70's and had a National Direct Student Loan with a 2%interest rate. The author of this column is not fully informed.
Posted by: another tina | April 23, 2008 3:02 PM
In my day, snipers lurked behind the bushes on the way to school. Then when it was time to go to college, it was affordable for me and all Americans... not just an infinitely small percentage of them. Also, I'm pretty sure that having the last name Clinton is not the reason I begin each primary contest with a 30-40 point lead. It is also not the reason I was elected to the U.S. Senate with no previous experience as an elected official. No, my last name could be Tompkins or Johnson, and it all would have happened the same way. I didn't even need to know or marry Bill. It's just based on me, and how great people think I am. Even though I'm about as personable as a pet rock. Thanks America!
Posted by: Walter Sobchek | April 23, 2008 5:06 PM
Whether is was 2% or 3%, Hillary showed hustle and academic acumen and tenacity.She should not be denied this.
It is too bad that she lost all traces of idealism and integrity in the process of politics. There are few who can match her strong ego and intelligence.
Posted by: Peter Roach | April 23, 2008 6:29 PM
To Anon,
I am always open to suggestions of items to fact check. I have already been through many of the items on your list: take a look at the archives on the left. The reason you know about Obama erroneously crediting the Kennedys with bringing his father to the U.S. is that I unearthed this piece of information in the first place. See:
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/29/AR2008032902031.html
But keep those suggestions coming!
Posted by: The Fact Checker | April 23, 2008 6:45 PM
I think Hillary Clinton is about the worst thing for this country, both now as she's trashing the country's best politician in at least a generation, and, god forbid, if she were ever to become President.
But even I think this is ridiculous. For goodness sakes---3% rather than 2%? Who cares?
Posted by: Tom S | April 23, 2008 6:50 PM
Liar liar, pants suits on fire (again)!
Posted by: | April 23, 2008 6:57 PM
i don't trust the two for one clintons getting a third term.
here in europe we all witnessed the carnage caused in the former yugoslavia because bill and hillary where to weak to put an end to it in bosnia etc..
it took madiline albright to finally force those two weak kneed hicks into action to save the innocent.
some leadership they let hundreds of thousand of people get slaughtered how dare hillary say she is a leader when she clearly is not and about that tuzla sniper incident HA!
her mouth is like a drunk big talk no action.
have any of you ever seen a big talker like her actually do anything unless led by the hand as madiline albright did for those two squabbling hicks, EVER?
Posted by: ex-pat | April 23, 2008 6:59 PM
If Hillary Clinton wasn't able to keep her eye on her husband while he cheated on her right under her nose, in the White House, what in the world would make anyone believe that she can keep her eye on the country when that purported call comes in at 3:00 a.m.? Sadly, Hillary Clinton doesn't care about America or its citizens, all she cares about is her inflated ego. If she cared about the United States, she would have dropped out of the race a long time ago. She can't win against McCain. That's why the dirty republicans who no longer need to worry about who their candidate will be have switched parties in order to vote in the democrat primaries and pushed Hillary Clinton into wins, albeit by very slim margins. Obama can win against McCain. Clinton cannot. If you want another 4 years of George W. Bush, vote for Hillary Clinton in the primaries. If you want to end the madness that Bush has inflicted upon the United States the last 8 years, then you must vote for Obama. It's that simple. No vote for Obama equals McCain in the White House and 4 more years of George W. Bush policies. This country simply cannot withstand another 4 years of republican rule. If McCain is elected, our country will collapse. Vote for Obama, or the U.S. will be finished. Yes, it's that serious.
Posted by: Russ | April 23, 2008 7:41 PM
The fact is that the brochures describing the program mentioned that the 3% interest was tax deductable and depending on your tax bracket during the payback period the realized interest could be as low as 2% - that's the way I remember it. Of course, it was only 40 years ago...
Posted by: | April 23, 2008 8:27 PM
To Fact Checker: so glad to hear you like to have suggestions. Hre's one--Obama has been claiming daily for some time now that he has won blue-collar white voters in "several states". That is, I believe, a lie. A clear and easily proven lie. But I see no mention of it here, no Pinochs at all being expended on something one heck of a lot more significant thatn whether Mrs. Clinton was charged 2% or 3% thirty years ago.
I'll wait to see the column on this point. Of course since I'm 70, I may die before you get around to it.
Posted by: donald169 | April 23, 2008 9:11 PM
How stupid. She said two percent and it might have been three percent. This is inexplicable to me. It has absolutely nothing to do with anything in anyway shape or form. Anyone anywhere does the same thing everyday. What does that say about us all?
Posted by: Joe | April 23, 2008 9:12 PM
How long can the nose grow?
Posted by: Ingrid | April 23, 2008 9:34 PM
Holy nitpicking! I had one of those 3% loans in the early 1970s and wouldn't have remembered exactly what the interest rate was, either. How about focusing on something substantial?
Posted by: Kathy | April 23, 2008 10:12 PM
with all the talk about billary I don't recall seeing (but I could have missed it)anything about her being fired for lieing by the committee investigating watergate
March 31, 2008
Watergate-Era Judiciary Chief of Staff: Hillary Clinton Fired For Lies, Unethical Behavior
As Hillary Clinton came under increasing scrutiny for her story about facing sniper fire in Bosnia, one question that arose was whether she has engaged in a pattern of lying.
The now-retired general counsel and chief of staff of the House Judiciary Committee, who supervised Hillary when she worked on the Watergate investigation, says Hillary's history of lies and unethical behavior goes back farther - and goes much deeper - than anyone realizes.
Jerry Zeifman, a lifelong Democrat, supervised the work of 27-year-old Hillary Rodham on the committee. Hillary got a job working on the investigation at the behest of her former law professor, Burke Marshall, who was also Sen. Ted Kennedy's chief counsel in the Chappaquiddick affair. When the investigation was over, Zeifman fired Hillary from the committee staff and refused to give her a letter of recommendation - one of only three people who earned that dubious distinction in Zeifman's 17-year career.
Why?
"Because she was a liar," Zeifman said in an interview last week. "She was an unethical, dishonest lawyer. She conspired to violate the Constitution, the rules of the House, the rules of the committee and the rules of confidentiality."
How could a 27-year-old House staff member do all that? She couldn't do it by herself, but Zeifman said she was one of several individuals - including Marshall, special counsel John Doar and senior associate special counsel (and future Clinton White House Counsel) Bernard Nussbaum - who engaged in a seemingly implausible scheme to deny Richard Nixon the right to counsel during the investigation.
Why would they want to do that? Because, according to Zeifman, they feared putting Watergate break-in mastermind E. Howard Hunt on the stand to be cross-examined by counsel to the president. Hunt, Zeifman said, had the goods on nefarious activities in the Kennedy Administration that would have made Watergate look like a day at the beach - including Kennedy's purported complicity in the attempted assassination of Fidel Castro.
The actions of Hillary and her cohorts went directly against the judgment of top Democrats, up to and including then-House Majority Leader Tip O'Neill, that Nixon clearly had the right to counsel. Zeifman says that Hillary, along with Marshall, Nussbaum and Doar, was determined to gain enough votes on the Judiciary Committee to change House rules and deny counsel to Nixon. And in order to pull this off, Zeifman says Hillary wrote a fraudulent legal brief, and confiscated public documents to hide her deception.
The brief involved precedent for representation by counsel during an impeachment proceeding. When Hillary endeavored to write a legal brief arguing there is no right to representation by counsel during an impeachment proceeding, Zeifman says, he told Hillary about the case of Supreme Court Justice William O. Douglas, who faced an impeachment attempt in 1970.
"As soon as the impeachment resolutions were introduced by (then-House Minority Leader Gerald) Ford, and they were referred to the House Judiciary Committee, the first thing Douglas did was hire himself a lawyer," Zeifman said.
The Judiciary Committee allowed Douglas to keep counsel, thus establishing the precedent. Zeifman says he told Hillary that all the documents establishing this fact were in the Judiciary Committee's public files. So what did Hillary do?
"Hillary then removed all the Douglas files to the offices where she was located, which at that time was secured and inaccessible to the public," Zeifman said. Hillary then proceeded to write a legal brief arguing there was no precedent for the right to representation by counsel during an impeachment proceeding - as if the Douglas case had never occurred.
The brief was so fraudulent and ridiculous, Zeifman believes Hillary would have been disbarred if she had submitted it to a judge.
Zeifman says that if Hillary, Marshall, Nussbaum and Doar had succeeded, members of the House Judiciary Committee would have also been denied the right to cross-examine witnesses, and denied the opportunity to even participate in the drafting of articles of impeachment against Nixon.
Of course, Nixon's resignation rendered the entire issue moot, ending Hillary's career on the Judiciary Committee staff in a most undistinguished manner. Zeifman says he was urged by top committee members to keep a diary of everything that was happening. He did so, and still has the diary if anyone wants to check the veracity of his story. Certainly, he could not have known in 1974 that diary entries about a young lawyer named Hillary Rodham would be of interest to anyone 34 years later.
But they show that the pattern of lies, deceit, fabrications and unethical behavior was established long ago - long before the Bosnia lie, and indeed, even before cattle futures, Travelgate and Whitewater - for the woman who is still asking us to make her president of the United States.
Posted by: usaii | April 24, 2008 7:44 AM
Hillary gets 2-3% interest and Bill gives me Sallie F'in Mae. Clintons, be gone already.
Posted by: BOO | April 24, 2008 12:46 PM
DAVID,
How's the Ron Paul campaign going? Please get out of the basement and get some sunlight. The tin foil hat is not becoming either.
Posted by: WOW | April 24, 2008 1:00 PM
Actually, when I went to college in the 90's my school loan has a 2% interest rate. So did the rates go down after Hillary graduated law school?
Posted by: lincoln | April 24, 2008 9:13 PM
Sbvoter. Why does Hillary use yellow toilet paper? I have never seen that. Is this something you use when you kie out of your butt? The question is---Do you think the country is ready for a Lesbian president?
Posted by: LetthemdrinkCrownRoyal | April 25, 2008 10:02 AM
Do you really think the country is ready for a Lesbian president?
Posted by: LetthemdrinkCrownRoyal | April 25, 2008 10:04 AM
Don't miss the point, which was well put, that she did not have to pay no where near what our kids are paying today for and education. Remember that we are behind other countries in students who graduate from college. Remember, this country needs future leaders.
Posted by: Donnie | May 1, 2008 10:49 AM
When I was in my Freshman year stafford loans were 3.84 var. in school. I could see them being much lower in the 70s...considering I was in school in 93. And in 2003, in school interest rates dropped to 2.82% on the Stafford. Not sure where the disconnect is with this article.
Posted by: Plausible | May 1, 2008 5:45 PM
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You'll print any tripe to damn Clinton.
You are an Idiot.