Poor Shamus. Poor Beau.
Its a dog’s life. These guys are going to beat the dog’s life to death.
From the White House Correspendents Dinner
President Obama, Slow Jams on Importance of Affordable Student Loans!
Having been the recipient of both Pell Grants and Stafford loans, I can vouch for the critical importance of these programs. Maybe for people whseo parents are in the 1% of wage earners and don’t rely on financial assistance to afford college, these programs don’t matter, but for me, and millions of others who have benefited, you bet they matter.
What is the future for America if we our next generation isn’t educated, if we reduce the number of young people that have an opportunity to become the next doctor, teacher, scientist, engineer, and a multitude of other careers.
College is not the only path for a successful life and career, but for young people who WANT to pursue a college degree, money should not be the ultimate decider.
http://www.americanprogress.org/issues/2012/04/student_loan_interest_rates.html
More than 7 million students and their families rely on Subsidized Stafford Loans to help pay for college. The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012. If that occurs, millions of students will see their interest rates soar to 6.8 percent on the new loans they take in the next year thereby causing a steep rise in their loan burden and effectively increasing the cost of attaining a college degree. At a time when tuition is rising at 8.3 percent a year and median wages for young people are falling, young Americans and their families can ill afford more Washington inaction.
