Joined: Sun Oct 17, 2004 4:52 pm Posts: 6822 Location: NY Gender: Male
Quote:
Bush would raise the maximum Pell Grant for students from $4,050 to $4,550 over five years, or $100 a year. Along with other changes, Bush's financial aid plan would cost about $28 billion over 10 years.
To help pay for it, Bush would shrink subsidies the government pays banks to encourage them to make low-interest loans, and to the agencies that insure the loans for the lenders, education department officials said.
Bush would also phase out Perkins loans, 673,000 of which were made to graduate and undergraduate students last year. Officials said the plan would save $6 billion over 10 years.
How exactly will this end up benefitting people trying to attend college? Phasing out Perkins...no help there. Shrinking subsidies so banks would no longer have the incentive to offer those low-interest loans...also a losing situation for students. This just seems incredibly stupid, but it's all covered up with "We're raising Pell Grants, hurray for us!"
Joined: Sun Oct 17, 2004 1:14 am Posts: 37778 Location: OmaGOD!!! Gender: Male
Go_State wrote:
Quote:
Bush would raise the maximum Pell Grant for students from $4,050 to $4,550 over five years, or $100 a year. Along with other changes, Bush's financial aid plan would cost about $28 billion over 10 years.
To help pay for it, Bush would shrink subsidies the government pays banks to encourage them to make low-interest loans, and to the agencies that insure the loans for the lenders, education department officials said.
Bush would also phase out Perkins loans, 673,000 of which were made to graduate and undergraduate students last year. Officials said the plan would save $6 billion over 10 years.
How exactly will this end up benefitting people trying to attend college? Phasing out Perkins...no help there. Shrinking subsidies so banks would no longer have the incentive to offer those low-interest loans...also a losing situation for students. This just seems incredibly stupid, but it's all covered up with "We're raising Pell Grants, hurray for us!"
$100? Wow! Now I can buy one more book a year!
Fuck you, George.
--PunkDavid
_________________ Unfortunately, at the Dawning of the Age of Aquarius, the Flower Children jerked off and went back to sleep.
Joined: Sun Oct 17, 2004 4:53 am Posts: 4470 Location: Knoxville, TN Gender: Male
punkdavid wrote:
Go_State wrote:
Quote:
Bush would raise the maximum Pell Grant for students from $4,050 to $4,550 over five years, or $100 a year. Along with other changes, Bush's financial aid plan would cost about $28 billion over 10 years.
To help pay for it, Bush would shrink subsidies the government pays banks to encourage them to make low-interest loans, and to the agencies that insure the loans for the lenders, education department officials said.
Bush would also phase out Perkins loans, 673,000 of which were made to graduate and undergraduate students last year. Officials said the plan would save $6 billion over 10 years.
How exactly will this end up benefitting people trying to attend college? Phasing out Perkins...no help there. Shrinking subsidies so banks would no longer have the incentive to offer those low-interest loans...also a losing situation for students. This just seems incredibly stupid, but it's all covered up with "We're raising Pell Grants, hurray for us!"
$100? Wow! Now I can buy one more book a year!
Fuck you, George.
--PunkDavid
That's what I was thinking. Also with the rates that colleges are raising tuiton you won't even get to buy one more book.
Joined: Sun Oct 17, 2004 7:19 pm Posts: 39068 Location: Chapel Hill, NC, USA Gender: Male
_________________ "Though some may think there should be a separation between art/music and politics, it should be reinforced that art can be a form of nonviolent protest." - e.v.
Joined: Sat Oct 16, 2004 10:51 pm Posts: 14534 Location: Mesa,AZ
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
_________________
John Adams wrote:
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.
Joined: Sun Oct 17, 2004 4:52 pm Posts: 6822 Location: NY Gender: Male
$úñ_DëV|L wrote:
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
I will never view inexpensive higher education as a bad thing. I've received minimal amounts of grants and scholarships and I'm looking at a six figure debt load once I graduate.
Joined: Sat Oct 16, 2004 10:51 pm Posts: 14534 Location: Mesa,AZ
Go_State wrote:
$úñ_DëV|L wrote:
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
I will never view inexpensive higher education as a bad thing. I've received minimal amounts of grants and scholarships and I'm looking at a six figure debt load once I graduate.
Inexpensive education is great. Free education plus extra money is too much.
_________________
John Adams wrote:
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.
Joined: Sun Oct 17, 2004 4:52 pm Posts: 6822 Location: NY Gender: Male
$úñ_DëV|L wrote:
Go_State wrote:
$úñ_DëV|L wrote:
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
I will never view inexpensive higher education as a bad thing. I've received minimal amounts of grants and scholarships and I'm looking at a six figure debt load once I graduate.
Inexpensive education is great. Free education plus extra money is too much.
I can't argue with you there. The gov't and many organizations giving grants need to better evaulate who they are giving their money to. Anyone who has enough free cash to pay for college and a new car is just wrong.
Joined: Sun Oct 17, 2004 1:04 am Posts: 2728 Location: Sterling, IL Gender: Male
Go_State wrote:
$úñ_DëV|L wrote:
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
I will never view inexpensive higher education as a bad thing. I've received minimal amounts of grants and scholarships and I'm looking at a six figure debt load once I graduate.
thats part of the reason I'm going to the Community College and getting my general courses out of the way there, save me ALOT of time later on paying off studen loans. Well, that and the fact that I didnt know what I wanted to do when it was time to start sending college ap in and didnt want to waste the money on some expensive school when I could just the basics out of the way at alot smaller costs
I just hope it's not going to hurt me when it's time to look for a job with my degree.
Joined: Sat Oct 16, 2004 10:51 pm Posts: 14534 Location: Mesa,AZ
Go_State wrote:
$úñ_DëV|L wrote:
Go_State wrote:
$úñ_DëV|L wrote:
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
I will never view inexpensive higher education as a bad thing. I've received minimal amounts of grants and scholarships and I'm looking at a six figure debt load once I graduate.
Inexpensive education is great. Free education plus extra money is too much.
I can't argue with you there. The gov't and many organizations giving grants need to better evaulate who they are giving their money to. Anyone who has enough free cash to pay for college and a new car is just wrong.
Well, a used car, but still too much...
_________________
John Adams wrote:
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.
Joined: Sun Oct 17, 2004 12:59 am Posts: 18643 Location: Raleigh, NC Gender: Male
Pat H wrote:
Go_State wrote:
$úñ_DëV|L wrote:
If anything, Pell grants are too high. They almost paid for my brother's car. His Pell grant gives him more per semester than my merit-based scholarship, which itself is plenty.
I will never view inexpensive higher education as a bad thing. I've received minimal amounts of grants and scholarships and I'm looking at a six figure debt load once I graduate.
thats part of the reason I'm going to the Community College and getting my general courses out of the way there, save me ALOT of time later on paying off studen loans. Well, that and the fact that I didnt know what I wanted to do when it was time to start sending college ap in and didnt want to waste the money on some expensive school when I could just the basics out of the way at alot smaller costs
I just hope it's not going to hurt me when it's time to look for a job with my degree.
Will your degree say "University of ....."?
Going to a CC will not hurt you getting a job.
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