Congress tries to ‘hook up’ college students.
By on Sep 27th, 2007 at 4:16 pm
Congress tries to ‘hook up’ college students.
This morning, President Bush signed into law the College Cost Reduction and Access Act. House Speaker Nancy Pelosi (D-CA) heralded the “landmark legislation,” which “makes the largest investment in student financial aid since passage of the GI Bill in 1944″ and will expand college opportunities for many students. The House Democratic leaderhsip posted this comedic spoof of the E-Harmony television ads to help publicize the new law and encourage families to take advantage of the new benefits. Watch it:
UPDATE: Campus Progress has more HERE.
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Oh goodie… more opportunities to get into debt.
Sorry, I don’t really see this as “good” news. I mean, yeah it’s good that the interests rates are lower or whatever… but college costs are a joke. This hardly solves the real problem here. Universities will just jack up their prices even more.
~Sean
September 27th, 2007 at 4:29 pmI’m glad they did something… but after we END THIS GODDAMNED WAR we need to get serious about fully funding education.
I would one day like to see the government fund the first bachelor’s degree for every U.S. citizen that wants to go to college, and maintains a qualifying GPA.
I know that’s a huge step, but we need to get real when it comes to education in this country. I’m getting disgusted with how uneducated we have become in a variety of ways.
September 27th, 2007 at 4:38 pmUsing the GI Bill in the same sentence as this is really misrepresenting what was achieved. The GI Bill actually paid for people to get a higher education. This bill pays for almost nothing… it cuts interest rates. THANKS! But… we can do better.
September 27th, 2007 at 4:43 pmBush Signs Bill Cutting Student Lender Subsidies Into Law
September 27th, 2007 at 5:02 pmGeorge W. Bush signed a $20 billion expansion in student aid and deep cuts in federal subsidies to lenders into law Thursday, just as concern over the legislation and weak credit markets threaten the proposed purchase of student lender SLM Corp. (SLM).
From CNN Money (dot com)
Like our public school standards are terrible. Yet, run by government! Lets not let government get involved in higher education, too.
Come up with some loans or scholarships but stay out of the institutions. Next, they will have us indoctrined just like a police run state.
September 27th, 2007 at 5:02 pmThis bill is a sham just like Botox-Nancy Polosi:
It cuts the interest rate lenders can charge on studdent loans and the subsidies government pays the lenders to make sure more students can get a loan.
Now, the criteria to qualifiy for a student loan will be tightened by the lenders and as a result fwer students will be able to take advantage of the student loans.
Bottom line, less people will be able to go college unless they can afford to pay as a result we end up with less of a college educated workforce.
September 27th, 2007 at 5:11 pmSomehow I don’t think this is the sort of “hook up” the college kids are hoping for.
September 27th, 2007 at 5:13 pmholy shit, are you telling me bush actually did something right?
September 27th, 2007 at 5:14 pmIt’s about rock-solid, ultra-low risk investments for bankers, smell the coffee!
September 27th, 2007 at 5:37 pmComment by Rebel in CA — September 27, 2007 @ 5:11 pm
Right.
Stafford Loans are set by the government, which means that the lenders can’t tighten the criteria. Take it or leave it, and with the predation going on in student loans so far, I’ll be glad if they leave it.
September 27th, 2007 at 5:42 pmWhen are they going to respond to those of us with existing student loans? They responded to the sub-prime woes, now what about those of us stradled with student loans? I watched my quarterly tuition at UCSB go from $1400 a quarter to $2300 by the time I graduated. Interest rates went from 3% to 9%. Costs of books rose faster than inflation. Lenders making shady deals with financial aid offices.
Luckily I’m only down $45K, but what of the graduates who owe $200K w giant monthly payments? You are always told to go to school so you can get a good job, but sometimes I feel more like an indentured servant to corporate masters!
Go Gauchos!
September 27th, 2007 at 5:54 pmGod, I have never been happier to be a silicon valley non-degreed tech worker, even if Google won’t hire anyone without a PhD. (Screw them right in the ear.) I did try college for a bit, and got out with only $20,000 in student loans. (ONLY!) And thank god they’re almost all paid off.
September 27th, 2007 at 5:59 pmThe “College Cost Reduction Act”… another effecive “Opposite Day” Republican government program from the people that gave us the polluting “Clear Skies Initiative” and the “Don’t Learn Anything New” NCLB Act.
The “College Cost Reduction Act” reminds me of The Discover Card’s magnanimous “Cash Back” promise to give you back 2% after they charge you 18%. I’d much rather they not charge me the extra percent in the first place.
I understand Democrats supporting something that reduces the burden on students, but for them to actually create a video in an apparent ENDORSEMENT seems pretty idiotic.
September 27th, 2007 at 11:28 pm>I would one day like to see the
> government fund the first
> bachelor’s degree for every
> U.S. citizen that wants to go to college,
I’m sure Jake/Rory the fake will soon appear to dazzle us with his brilliant constitutional citations about why that can’t happen.
Anyone know what the average cost of a bachelors degree is at a public school?.. the iraq war will probably be costing several trillion before its over.. I wonder how many americans we coudl send to school for the cost we’re incurring to give iraqis the freedom to be as islamic as they wanna be.
September 28th, 2007 at 6:34 amAnyone know what the average cost of a bachelors degree is at a public school?.. the iraq war will probably be costing several trillion before its over.. I wonder how many americans we coudl send to school for the cost we’re incurring to give iraqis the freedom to be as islamic as they wanna be.
Comment by Chocolate Jesus — September 28, 2007 @ 6:34 am
The NY Times posted this in January with a projected total of $1.2 trillion:
http://www.nytimes.com/2007/01/17/business/17leonhardt.html
My UC degree cost me $45K +/-… Current spending estimates hover around $617 billion.
13,711,111 Bachelors Degrees
September 28th, 2007 at 5:56 pm