Why Is Govt Making Cuts On College Student Loan Programs?
October 17, 2010 by admin
Filed under Student loans
I thought they were all about helping kids go to college- now they are making cuts on Student loans!!!! Do they do anything they say they are gonna do, or only the opposite of what they say?
Im not making it up! It was on the news!
Well that should make conservatives happy. . . just another “handout” to them.
They’re not making cuts on student loans, but rather working to extricate private firms from the student loan process. This is very different and would be a positive step toward future financial health of college students.
Source?
I have not seen or can find any recent news about student loan cuts. The Bush admin DID try to cut them back in 05 and 06.
because the state is broke they need to save money
It was? Where FAUX fair(?) and balanced(?) entertainment (?) news?
I did not see the story. Are they reducing the amount of money in the program or are they reducing the requirements. . . such as ability to repay the loans. . . so they can get more students in college therefore lowering the amount each student can receive? If it is the latter, then there will be more Freshmen students but fewer Junior and Senior students because they will not be able to cover the increased expense.
I get a thumbs down for asking a non inflammatory question? Gee. . . tough crowd!
Yes, speaking as a left wing radical might speak. Leave every institution and business to government. That’s a good thing. Right!!!!
I wish I could answer your question, but all I can do is speculate that with the economy is the shape it’s in, cuts are necessary for the time being. After giving 150 million tax dollars to a very small airport in Congressman John Murtha’s district in Pennsylvania, Murtha justified it by saying that the area would not be able to attract growth without an adequate infrastructure. If the advanced education of America’s youth isn’t infrastructure, nothing is. What it amounts to is governmental mismanagement of funds.