Amidst the news about a wrong headed, insurance company gift like the senate healthcare reform bill, is a VERY bright spot! The house of representatives voted this week to markedly expand Pell grants in both number and amount. Students will be able to borrow the money directly from teh government instead of from banks taking governement subsidies.
This will put over FORTY billion dollars directly in the hands of students. It is NOT a gift. The students have to pay much of it back. What it does is takes away the gift money to the banks and puts it in the hands of the student.
EVERY student and scholastic association thought it was GREAT and they were ecstatic! now it goes to the Senate.
Guess what? Virtually the ENTIRE republican membership of congress voted AGAINST it!! Why? Along a party line vote, the republicans OPPOSED more student loan and said it was “just like expanding healthcare”
Truly, there is something morally and spiritually wrong about a group of people that want
1. Tax cuts for the rich
2. Unlimited defense spending
3. No increase in student loans or healthcare.
Think about it!
Tags: student loans