Quote :

"House Version of Bill Would Add $5,800 to the Average Student’s Loans By Emily Baneman Spectator Staff Writer November 28, 2005 As part of an effort to curb the national deficit, the U.S. Senate and House of Representatives recently made substantial cuts to federal student loan programs. The House deficit reduction bill, which passed by a close vote of 217—215, reduces spending on federal student loan programs by $14.3 billion over the next five years. The Senate bill, which passed by a vote of 52-47, reduces student loan spending by $9.7 billion over the same period. The bills lower subsidies to private lenders that provide student loans and increase borrowing costs for students. According to the United States Student Association, the House bill will cost the average student borrower an additional $5,800 in loan payments. On average, students currently borrow about $17,500 for college. Both bills also reduce spending on entitlement programs and include changes to Medicaid, food stamps, farm subsidies, and other programs. However, the specifics of the bills differ substantially, and the House and Senate will have to compromise on a final version of the bill."

We need that money for tax breaks to billionaires. Sorry guys.

[Edited on November 28, 2005 at 1:01 PM. Reason : http://www.columbiaspectator.com/vnews/display.v/ART/2005/11/28/438ab4c94f8d8]

11/28/2005 1:00:51 PM

hey learning is for rich people, ok

11/28/2005 1:06:08 PM

why be competitive when we could be cost efficient?

11/28/2005 1:07:19 PM

youd bitch either way

11/28/2005 1:29:07 PM

^que?

11/28/2005 1:32:03 PM