The effect of this bill is that students and parents will end up getting less out of our student aid programs as a college degree continues to cost more. Students and their families need more aid in order to make college less expensive, and not the other way around.
More Quotes from Luke Swarthout:
The American college system is still the best in the world but an increasing reliance on huge federal loans is having serious consequences for students' future careers and personal lives.Luke Swarthout
Loan repayment policies must be improved, so they do not push borrowers into poverty or discourage people from getting a college degree.
Luke Swarthout
This bill turns to students and families as the predominant source of revenue, rather than trying to identify inefficiencies in the loan programs. This bill asks students and parents to pay for tax cuts.
Luke Swarthout
Increasing the Pell-Grant is critical as students face higher college costs across the country. As costs go up, the Pell-Grant unfortunately stays the same.
Luke Swarthout
We call on President Bush to uphold the commitment to American economic competitiveness that he made in the State of the Union address by vetoing this bill and pushing for more affordable student loan policy.
Luke Swarthout
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