Author Topic: Budget Reconciliation  (Read 116 times)

Offline sullie363

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Budget Reconciliation
« on: January 25, 2006, 08:51:00 PM »
And now for something completely different....

So I go to Southern Oregon University and am the Director of Governmental Affairs here for the student government.  I get paid to watch state and federal issues that affect students.  Scheduled for February 1, the House of Representatives will be voting on whether to cut about $15,000,000,000 from federal student loan programs.  The lenders would then pass added costs onto students and their families.  It works out that for about every $20,000 borrowed, an additional $6,000 will be owed.  Interest rates for loans will also go up to about 6.7%.  This is an issue we've been working very hard to stop and I have nothing to lose by posting here and asking those that this legislation would effect to call their representative and ask them to vote no on Budget Reconciliation.
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