Well, you know it had to happen. The Student Loan Bill goes to the President for his signature. This will put many of the student loan subsidies under the Governments control…yikes! You know, the same government that thought it was a good idea to bail out banks and auto companies. The same Government that started the Cash For Clunkers program and underfunded and miscalculated, not once…oh no…but twice in two months!
This bill that went to President Obama is suppose to make college more affordable for students that have a hard time paying for it. In a lot of ways, it reminds me of efforts by many States to legalize gambling under the pretense of the proceeds going to education. Now we find out that our schools are still under funded or the money has been misappropriated.
What happened to the tax dollars these States were using before the gambling proceeds? Why are some States still increasing property taxes to pay for education when they’re having record amounts of gambling proceeds coming in?
When you discover the answer to those questions you’ll find out why it’s a bad idea to give the Government full control over the Student loan programs.
You think education is expensive now, just wait! You think filling out all that paper work for a student loan was a pain in the who-haa, wait until Uncle Obama get’s done with the process.
Under this new bill, Pell Grants are suppose to increase to $6900 over the next decade. WHAT? OVER THE NEXT DECADE???
Why will it take 10 years to increase the Pell Grant amount? Do you think that College cost will rise as slow as the maximum amount you can apply for under a Pell Grant?
Hell no! This bill does nothing at all to curb college cost! Perhaps the Government wouldn’t have to throw our taxdollars at this if they would sit down and find ways to reduce the cost of college in the first place!
But then, Politicians wouldn’t be able to get their greedy little hands on taxpayers money and they just can’t have that! So when the student loan bill goes to the President, don’t cheer, be afraid, very afraid of your education and future!
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Tagged With government assistance, Pell Grant, student loan advice, student loan bill goes to president
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