WP: Subsidies May Be Cut for Student Loans

[Southpaw Bookworm]

DUers in college or those with children, take note!

http://www.washingtonpost.com/wp-dyn/articles/A64606-2004Mar16.html

House Republicans are considering legislation aimed at reducing government subsidies for a federally supported student loan program, a step that critics say could lead to sharp increases in the long-term cost of going to college.

The Republican proposals, which are in draft form and have not been circulated, could shake up the $35 billion-a-year student loan industry. Among the ideas being considered, according to lobbyists for both sides, is a major revamp of the present system of permitting recent graduates to consolidate student loans at fixed interest rates.

[mac56]

1. It's the Reagan years all over again.

Repub bastards want to make it impossible for all but the very rich to go to college.

Cheap Labor Republicans. Becoming more and more true every day.

[Mandate My Ass]

2. They also cut subsidies

for federal work-study programs. In the meantime, tuition hikes continue to outpace the consumer price index by a large margin.

Class warfare anyone?

[Ganja Ninja]

3. Spend, Spend, Spend, just don't spend it on Americans.

That seems to be the policy of this administration.

[Mikimouse]

4. I saw the handwriting on the wall 2 years ago...

I knew that they would eventually pull something along these lines and consolidated all of my student loans on a 30 year plan. We plan to pay them off early, but it is good to know that for once we beat these bastards to the punch.

[Kimber Scott]

5. This is how they "retrain" the American workforce

Now we can all work at McDonald's, or Walmart, and be glad about it!