Re: The College Student Relief Act and recent college grads

 

See, that's the problem.  One "expert" - the above - in this political
rag says:
"The explosion in aid began in the 1990s. From 1990 to 2000, federal
student assistance more than tripled, going from $19 billion to $63
billion"

Another "expert" in the same issue says
"Despite persistent claims of cuts, student financial aid spending
since 2001 has surged by a staggering 400 percent from $9.6 billion to
$48 billion, according to the Office of Management and Budget."
http://article.nationalreview.com/?q=ZDJiNzk3ZGUzZWQ2ZWE5Y2FlZmUzYWIyMjI5MzA3MzQ=

Posted on the same day in the same rag, but their numbers
contradicting one another.  Because they're grinding a political axe.
Further explanations/excuses that they are talking apple and orange
stats would be fruitless, as they have already been caught cherry
picking.  

This is a level-headed article portraying viewpoints from multiple
interests, seems fairly said and has some facts the others didn't
mention:
http://www.latimes.com/news/nationworld/nation/la-na-loans18jan18,1,2660807.story?coll=la-headlines-nation
"Instead, the House measure, passed 356 to 71, applies to the 5.5
million subsidized Stafford loans given each year to students whose
families earn $26,000 to $68,000 annually, but would not increase Pell
Grants or student tax credits, as originally considered. The bill also
sets a five-year phase-in of the interest rate reduction from 6.8% to
3.4%, but then, after six months at 3.4%, returns the rate to the
original percentage."

It's much more complicated than the partisan news hacks portray it.
One thing is evident - a majority of both parties voted for it.
Which doesn't automatically make it a good thing.

--Vic