ooops sorry just saw that this is on talk for some reason. Gruss! Look where you're posting, man!
On 1/9/06, Dana <[EMAIL PROTECTED]> wrote: > of course it's crap. But don't forget, it's to help pay for Katrina. > That tax cut has nothing to do with this, that's just something the > double-plus-ungood liberals made up to bash Bush with. > > On 1/9/06, Gruss Gott <[EMAIL PROTECTED]> wrote: > > Anybody else think this is crap especially given the amount of Pork > > this Congress and President have been spending? > > > > Congress Cuts Funding For Student Loans > > Loss of $12.7 Billion Means That Graduates Will Face Higher > > Interest Payments, Fewer Options > > > > By ANNE MARIE CHAKER > > Staff Reporter of THE WALL STREET JOURNAL > > > > Congress yesterday cut funding for federal student-loan programs, a > > move that is expected to increase the debt burden for many future > > college graduates and their families. > > > > The reduced financing is part of a $40 billion deficit-reduction > > package passed by the Senate. Federal student-loan programs make up > > the largest chunk of the spending trims -- $12.7 billion over five > > years. To help limit spending, Congress raised interest rates on the > > popular Stafford loans to a fixed 6.8%, even if commercial rates are > > lower, and cut subsidies to lenders. Other affected programs include > > Medicaid and pension insurance. > > > > [SNIP] > > > > Today, that rate is as low as 4.7%, and students can lock it in thanks > > to the Federal Consolidation Loan Program, which allows for a one-time > > opportunity to refinance. > > > > Under the new legislation, the interest rate changes to a fixed rate > > of 6.8% starting July 1, 2006, on Stafford loans. > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:4:228889 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
