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Report | TexPIRG | Higher Ed

The Cost of College Will Soar if Interest Rates Allowed to Double

More than 7 million students and their families rely on Subsidized Stafford Loans to help pay for college. The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012.

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News Release | TexPIRG | Higher Ed

Interest Rate Hike Threatens College Affordability, Will Lead to 20% Increases in Cost of College Next Year

Today, TexPIRG, the Young Invincibles, the Center for American Progress, and Campus Progress released a joint report on the looming threat of a major hike in the federal student loan interest rate. If Congress fails to act by July 1, the interest rate for Direct Subsidized Stafford Loan will double, rising to 6.8 percent. 7.4 million American students will see the interest rates on their student loans double, effectively raising the average cost of college by over $1,000 for millions of students and their families.

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News Release | TexPIRG | Budget

Offshore Tax Havens Cost Average Texas Taxpayers $467 a Year, Each Texas Small Business $2,085

With tax day approaching, a new TexPIRG study, Picking Up the Tab: Average Citizens and Small Businesses Pay the Price for Offshore Tax Havens, found that the average Texas taxpayer in 2011 would have to shoulder an extra $467 tax burden to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report additionally found that the average additional tax burden shouldered by Texas small businesses added up to $2085 due to the “offshoring” of profits by large corporations.

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Report | TexPIRG | Budget

Picking Up the Tab

Some U.S.-based multinational firms or individuals avoid paying U.S. taxes by transferring their earnings to countries with minimal or no taxes. These tax havens users benefit from their access to America’s markets, workforce, infrastructure and security; but they pay little or nothing for it—violating the basic fairness of the tax system and forcing other taxpayers to pick up the tab.

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News Release | TexPIRG Education Fund | Transportation

New Report: Long-Term Drop in How Much People Drive, Youth Desire More Transportation Options

A new report released today by the Texas Public Interest Research Group (TexPIRG) Education Fund and Frontier Group demonstrates that Americans have been driving less since the middle of last decade.

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News Release | TexPIRG | Solid Waste

Senate Committee Votes to Restore Toxic Chemical Right-to-Know

The Senate Environment and Public Works Committee today approved legislation to restore public access to information about toxic chemical pollution in communities.  The Toxic Right-to-Know Protection Act (S. 595), sponsored by Senators Lautenberg and Boxer, would rescind a recent EPA action curtailing the amount of information available on the federal Toxic Release Inventory (TRI).

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News Release | TexPIRG | Financial Reform

TRCC Bill A Step in the Right Direction, But Only a Modest Step

HB 1038 does achieve some small measure of TRCC reform, but the commission and its appeals process are still a long way from reaching the standard for consumer protection and consumer rights originally envisioned. 

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News Release | TexPIRG | Financial Reform

Chavez Bill Is Big Step Forward in Protecting Texas Homeowners from Predatory Lenders, TexPIRG Says

House Bill 3762, filed by Representative Norma Chavez (D-El Paso), would greatly curtail the exploitative practice of predatory mortgage lending, according to the Texas Public Interest Research Group (TexPIRG).

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News Release | TexPIRG | Financial Reform

Committee Hearings on Homeowners' Rights

In hearings that lasted from four in the afternoon until nearly four in the morning, the House State Affairs Committee heard testimony Monday and early Tuesday from a large number of aggrieved citizens and several consumer advocacy groups on how to reform the Texas Residential Construction Commission (TRCC) and the Home Lemon Law.

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