WI student lobbies in Washington for more funding
A junior attending UW Stevens Point isin Washington right now with hundreds of other students lobbying for the Student Aid Reward Act. STAR was introduced two years ago but never brought to a vote. Now with the Democrats in control it just might be the year that power and money is transferred to the hands of students. Basicially the bill would cut out the middle man in student loans, private banks, passing the savings onto schools and students. With most students graduating with thousands of dollars in debt I think this bill would help the economy and students. We shouldn't have to live like starving students after we graduate.
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4 comments:
doesnt this girl have class this week. I hope she makes a difference.
I think that this is an good attempt to change the status quo because the new program calls for students to be able to get more money for school without the high interest rates banks charge. I found it funny how the bill never got anywhere before because the Republicans were in control of congress but now that the "make-up" of congress has changed and the democrats are in control, they are trying to change the status quo. That just goes to show you the differences in political parties in Congress.
Although a Republican-dominated Congress held the student loan interest rates at their respective current levels, a somewhat bipartisan bill in a Democrat-controlled Congress is likely to shift student loan interest rates (as measured through bank subsidization to be more relevant to Bush’s preference) substantially lower (as indicated by the projected $13 billion in savings the government would cease giving to banks). Despite President Bush’s favoring of bank subsidization, he is unlikely to veto such a bill with domestic criticisms about his other education policies (particularly No Child Left Behind), shifting Bush’s preference from the status quo (or higher in terms of bank subsidization) towards somewhere below the status quo (towards a reduction in bank subsidization from student loan rates). It should follow that the bill will become law due to the overlap of the House and Senate’s win set (pretty broad in this case) with the a portion of Bush’s preferred-to set.
Why do we go to college? To get a better paying job. Education is an investment that if properly done can produce great rewards. Yes it is very expensive, and for those of us who plan on going to grad school or anything after our BAs know that it is even more costly. However, it seems to me that if you give people more money for free where is the point to get out of school and get a job. We all know the guy or girl who has 160 credits could have triple majored by now, but why graduate and face the real world when you can stay in school.
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