Aces High Bulletin Board
General Forums => The O' Club => Topic started by: sullie363 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.