Changes in the offing for student-loan programs (funding slashed)

[UpInArms]

http://www.marketwatch.com/news/story.asp?guid=%7B47BBDCE5%2D9BA3%2D40A6%2D88DC%2DD5DF94757EFB%7D&symbol=&siteid=mktw

WASHINGTON (MarketWatch) -- Congress, searching for savings in the multibillion-dollar business of loaning college tuition money, is exploring a wide range of cost-cutting options that could make student loans less lucrative for lenders.

Student loan programs took a hit when the House and Senate voted in December to slash funding for the programs by $12.7 billion in legislation to cut overall federal spending by $40 billion over five years.

And also under consideration is a bill to provide incentives for schools to switch to one of the federal government's two loan programs and cut government subsidies to lenders.

...more...

[rodeodance]

1. we used to have a Congress that valued education for all.

[rodeodance]

2. now it is Leave NO WAR Behind!

[ikojo]

6. Maybe there was a time when members of

Congress were not multi millionaires and remembered what it was to pay for an education. Most politicians come from wealth and have no idea how hard it is for working class Americans to fund an education.

[stepnw1f]

3. Only Those Who are Born into Money

can now get a college education. Hey rightards? This is what elitism looks like... get it?

[GoddessOfGuinness]

4. No child left behind whose parents earn more than $500,000

:eyes:

[ninkasi]

5. Republican morals...

an oxymoron, I know, but morals can be bad as well as good. War and tax breaks for the wealthy. Those two things are what conservatives care about. Fuck the poor, low and middle income families, the elderly, the sick, just let them suffer, and die if necessary, but on no account, tax away those billionaire tax breaks. How anybody can see Bush or any Republican as anything other than greedy bullies, I have no idea.

We have to convince our Democratic senators, and as many Republicans as possible, to stop Alito from joining the Supreme Court. This country is headed downhill with no brakes to keep us from crashing. I hope our own dems get behind Al Gore, and John Conyers, and the others who are brave enough to point out how corrupt this administration is, and to take the necessary steps to impeach Bush and Cheney, and to get our country headed in the right direction again.

[lovuian]

7. You could see this coming...

A college educated US makes harder to manage!!!

[MountainLaurel]

8. Plus

With the enlistment numbers down, the military wants to ramp up those "join the Army, get paid to go to college" advertising campaigns. If poor children from the inner-city or the hills of West Virginia won't be able to get federal student loans (and most wouldn't be eligible for private loans because of credit checks and parental income levels), they'll see the military as their only option.

[brer cat]

9. ...and in the hills of Georgia...and everywhere else

My daughter is a non-traditional student (single mother with 2 pre- schoolers) at a college in North Georgia. She is constantly getting military propaganda...how they will pay for her education, job training, etc. Fortunately she is near the end of her senior year (with a 4.0 gpa I add with pride) so she will survive the cuts, but many students are heavily dependent on federal student loans, and they may well succumb to the propaganda.

[Julius Civitatus]

10. Ivy-league legacy brats cutting funding for the rest of us

Scumbags.
Fucking scumbags, really.

:grr: