SPEECH OF
HON. BOBBY L. RUSH
OF ILLINOIS
IN THE HOUSE OF REPRESENTATIVES
WEDNESDAY, JANUARY 17, 2007
.
This important piece of legislation will make it easier for all students to attend college, and help reduce the burden on middle class families struggling to give their children a chance for a greater future with more opportunities.
please tell me how a six month decrease in interest rates that you only pay AFTER COLLEGE that will avg $400 per student savings over the life of the loan will help anybody ATTEND college
2007-01-21 06:13:13 · 10 answers · asked by CaptainObvious 7 in Politics & Government ➔ Politics
The affected students save approximately $400 dollars each and the program costs the government an estimated $6 billion dollars that could have been used for additional Pell grants that would have helped underpriviledged students more effectively.
2007-01-21 06:22:04 · answer #1 · answered by Anonymous · 2⤊ 2⤋
It won't. As stated these are campaign promises that they ran on and now they can go back and say that lowered the burden for middle class students to go to college. What a bunch of bull. They are no different than the batch that was in there before. It is too bad that we have a society that will not allow a politician or really anyone to speak the truth. Everything has to be spun to making a person look good in the eyes of us citizens.
2007-01-21 14:25:28 · answer #2 · answered by 91106 3 · 2⤊ 2⤋
One way it helps is for families that have more than one child. For instance, my 21 year old son is in his junior year of college. I've got one who is 17 and has one more year of high school. When my oldest son graduates I will have to begin paying back those student loans while paying for another son's expenses on top of it since he will then be attending college. Student loans don't cover everything, there are a lot of expenses my husband and I have to cover. Reduced interest would mean we could pay off the oldest son's loans faster with less financial stress. I myself have gone back to college and have incurred student loans. Since I'm 50 years old and am looking at 3 more years to complete my masters the rate of interest matters very much to me. I want to pay off my loans before I retire as well as have our son's paid off, both of them. For our family every penny counts, and I suspect we aren't the only ones.
2007-01-21 14:24:42 · answer #3 · answered by Anonymous · 2⤊ 0⤋
I don't know. I'm protesting the entire student loan rip off by Sallie Mae and I'm never going to pay my student loans back. If we all did this it would send a clear message to Washington that we're tired of being ripped off.
2007-01-21 14:28:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Any question with Democrat and lie in it is self explanatory.
2007-01-21 15:37:50 · answer #5 · answered by Montie R 2 · 1⤊ 1⤋
And this compared to the 1.2+ trillion spent on a war based on conservative lies.
2007-01-21 14:25:59 · answer #6 · answered by Anonymous · 2⤊ 1⤋
Perhaps, it is better than the additional $400 Republicans would have tacked on to help repay their campaign promises to the big banks in this country.
2007-01-21 14:17:32 · answer #7 · answered by Jackson Leslie 5 · 2⤊ 5⤋
You can always tell when Democrats are lying...their lips move!
2007-01-21 14:23:39 · answer #8 · answered by Anonymous · 1⤊ 3⤋
They know not how to tell the truth...
2007-01-21 14:23:38 · answer #9 · answered by PoliticallyIncorrect 4 · 2⤊ 2⤋
thats what they do best
2007-01-21 14:35:15 · answer #10 · answered by I'm Jerry 4 · 0⤊ 1⤋