This was in the NY Times.
Bill Clears Way for Government to Cut Back College Loans
The government moved to change its formula for college aid last year, but was blocked by Congress. Now, however, no such language appears in the appropriations bill lawmakers are considering, clearing the way for the government to scale back college grants for hundreds of thousands of low-income students.
Nearly 100,000 more students may lose their federal grants entirely, as Congress considers legislation that could place more of the financial burden for college on students and their families.
The cutback stems from a revision to the formula governing virtually all of the nation's financial aid. Last year, the Department of Education changed the formula on its own, angering members of Congress who contended that it was a backdoor way of cutting education spending without facing the public. The department retorted that it was merely following the law.
Separate, but related issue:
http://www.blackamericaweb.com/site.aspx/bawnews/florida1122
Someone kindly explain how this is a victory for the kids.
Posted by: True_Liberal at November 24, 2004 09:22 PMWhen people complain about the FHA like you are doing for the student loans, I'll give the consideration your comment deserves.
Until then, it's noise.
No offense intended.
Posted by: EBrown at November 27, 2004 05:42 PMHere's a thought:
http://hispanicpundit.com/
...and look for "Subsidies onflate costs"
A better link to cause&effect in the marketplace:
http://econlog.econlib.org/archives/2004/12/subsidies_raise.html
Posted by: True_Liberal at December 2, 2004 09:58 AMI know the theory behind subsidies and inflated costs.
So what? It exists. Instead of being upfront, the Bush administration has voiced support for Pell Grants, and then cut them.
They did the same for giving NYC money after 9/11. Said they would give X, and proposed Y which was less than X.
Posted by: EBrown at December 2, 2004 07:46 PM
Someone obviously thinks that college loans are a Constitutional function of our federal government. Try as I may, I can find no place in the Constitution which authorizes this program at the federal level. The Tenth Amendment tells me that this is reserved to the states.
Oh yeah, I guess that the amendments just haven't caught up with the progressives...
Posted by: True_Liberal at November 22, 2004 10:52 PM