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(US NEWSWIRE) Report: Ohio Students to Pay

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gdog Member Level  Monday, 01/30/06 11:02:55 AM
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(US NEWSWIRE) Report: Ohio Students to Pay $1843 More for College; Feb. 1 Congr
ssional Vote Could Make Residents Pay More In Student
Report: Ohio Students to Pay $1843 More for College; Feb. 1 Congressional Vote C
uld Make Residents Pay More In Student Loans

To: City Desk
Contact: Toby Chaudhuri or Jessica Mantooth, 202-955-5665
COLUMBUS, Ohio, Jan. 30 /U.S. Newswire/ -- Ohio students could have to pay
$1843 more in college loans if Congress passes a measure Wednesday to cut
spending, according to a new report released today by the research arm of the
Campaign for America's Future.
Campaign for America's Future co-director Robert Borosage said our nation
has a responsibility to provide an affordable college degree to every child
in Ohio.
"This bill will make it harder for students from working families to go to
college," said Borosage. "This measure makes deep and harmful cuts to student
loans that will not even pay for the new tax breaks planned for the wealthy."
The legislation, pushed by the White House and congressional Republican
leaders, imposes the largest cuts in student loan programs ever. The House
will vote on it around Feb. 1. The measure passed the Senate by the narrowest
of margins, 51-50, with Vice President Cheney casting the deciding vote.
The proposal includes a $12.7 billion cut in student loan aid, the largest
cuts in history, and locks in higher fixed interest rates on student and
parent loans. While college costs soar and Pell grants remain capped at
$4,050 for the fourth straight year, student debt levels have doubled in the
last ten years and are likely to rise even higher.
During a question-and-answer session with students at Kansas State
University, sophomore Tiffany Cooper asked President Bush how $12.7 billion
in recently proposed student loan cuts would help her future. President Bush
said he preferred to call it "reform" of the student loan program and
inaccurately said that reduction in costs would not affect students.
The bill locks in higher rates for student and parent loans and lawmakers
have rejected proposals to retain a dramatically lower interest rate.
Good Ole Bush keep spending billions on a war and cut kids education... idiot.....

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