20.2 Billion in Student Aid Approved

 

WASHINGTON - Congress approved a $20.2 billion boost in financial aid for college students yesterday, a package that backers said would be the single largest increase in federal tuition funding since World War II.

 

The bill, which President Bush is expected to sign, raises the maximum Pell grant for low-income students from $4,050 to $5,400, and temporarily slashes interest rates on student loans by half.

 

It also establishes debt-forgiveness programs for graduates who enter certain poorly paid fields such as law enforcement, firefighting, and teaching. According to the Department of Education, the average student now graduates with $19,000 in debt.

This is not an expense, it is an investment. And if all goes well we'll have the best educated manual laborers - citizens in history

the average student now graduates with $19,000 in debt

 

egads...I'm doing my fair share to raise that average.

 

I smell a poll! (good god, what a set up.)

great move by congress

 

here here

But but but this is creeping socialism! Let these people pull themselves up by their bootstraps with their rugged conservative individualism! Horatio Alger didn't need no goshdarn big gub'mint to help him on his way. If they didn't have enough money for college, they must have just been f***ing lazy. How dare Bush tarnish the Reagan legacy by continuing to prop up the Department of Education instead of abolishing it?

 

/ends rabid right wing authoritarian hate.

 

Finally, an increase in Pell grant funding. Now just doing some work to get rid of the insanity of NCLB and things will be even better.

But but but this is creeping socialism! Let these people pull themselves up by their bootstraps with their rugged conservative individualism! Horatio Alger didn't need no goshdarn big gub'mint to help him on his way. If they didn't have enough money for college, they must have just been f***ing lazy. How dare Bush tarnish the Reagan legacy by continuing to prop up the Department of Education instead of abolishing it?

 

/ends rabid right wing authoritarian hate.

 

Finally, an increase in Pell grant funding. Now just doing some work to get rid of the insanity of NCLB and things will be even better.

This program is different then the government telling me when and where to go see a doctor, for example. It is like subsidies to farmers, in a way - it subsidizes loans, etc. so that private industry doesn't rape you. To me, that's a big difference then taking over something as a whole like they want to do with everything else.

 

But but but this is creeping socialism! Let these people pull themselves up by their bootstraps with their rugged conservative individualism! Horatio Alger didn't need no goshdarn big gub'mint to help him on his way. If they didn't have enough money for college, they must have just been f***ing lazy. How dare Bush tarnish the Reagan legacy by continuing to prop up the Department of Education instead of abolishing it?

 

 

NO OIL FOR OIL!

 

oh wait...

 

 

NO BLOOD FOR OIL! yea thats it. no blood for oil.

Edited September 9, 200718 yr by mr_genius

This does not address the biggest problem facing us. We can find enough immigrants we like to be Doctors, software engineers, and similar, but we just can not find enough acceptable laborers. We should slash this funding and force Americans to accept these jobs

 

Seriously, now comes another round of tuition hikes which will wipe out the increase as far as the students wallets. They will still need the same debt. This will help schools way more than it helps students. We accept debt in this society.

This does not address the biggest problem facing us. We can find enough immigrants we like to be Doctors, software engineers, and similar, but we just can not find enough acceptable laborers. We should slash this funding and force Americans to accept these jobs

 

Seriously, now comes another round of tuition hikes which will wipe out the increase as far as the students wallets. They will still need the same debt. This will help schools way more than it helps students. We accept debt in this society.

That's true to a certain extent.

That's true to a certain extent.

 

part one or two? Or both?

But but but this is creeping socialism! Let these people pull themselves up by their bootstraps with their rugged conservative individualism! Horatio Alger didn't need no goshdarn big gub'mint to help him on his way. If they didn't have enough money for college, they must have just been f***ing lazy. How dare Bush tarnish the Reagan legacy by continuing to prop up the Department of Education instead of abolishing it?

 

/ends rabid right wing authoritarian hate.

 

Finally, an increase in Pell grant funding. Now just doing some work to get rid of the insanity of NCLB and things will be even better.

 

Actually I would argue that this is inflationary to the cost of college, but that's OK. I am not going to complain, because it will be a nice boost for us.

This does not address the biggest problem facing us. We can find enough immigrants we like to be Doctors, software engineers, and similar, but we just can not find enough acceptable laborers. We should slash this funding and force Americans to accept these jobs

 

Seriously, now comes another round of tuition hikes which will wipe out the increase as far as the students wallets. They will still need the same debt. This will help schools way more than it helps students. We accept debt in this society.

 

The second part is true. Colleges are still going to follow supply and demand and get as much out of the pockets of students as possible. If the government gives more aid, it means that the increases will be bigger to make up for the governments new portion. See also medical costs and insurance costs.

part one or two? Or both?

Part Two.

I had over $19,000 in student loan debt, and that was almost 20 years ago. These kids must be getting a bargin!

I had over $19,000 in student loan debt, and that was almost 20 years ago. These kids must be getting a bargin!

 

I'd be interested in how they arrived at that number. All graduates? All students? All with loans, including or excluding those without any debt. That is always the problem when reading a number like that, without knowing the sample population, it is meaningless.