"Dems Plan to Cut Rates on College Loans" How can ANYONE hate Democrats?

[in_cog_ni_to]

They're cutting the rates from 6.8 to 3.4...cutting them in half!:thumbsup: It's such a relief to me to have Democrats in power again. :)

Dems Plan to Cut Rates on College Loans
By NANCY ZUCKERBROD, AP Education Writer

WASHINGTON - Democrats say they are putting education reform at the top of their to-do list as they prepare to take control of Congress. However, they have not spelled out what the math will look like.

Democrats say they will use their new authority in the House and Senate to slash interest rates on need-based college loans in half _ from 6.8 percent to 3.4 percent. "That will be done almost immediately, certainly within the first couple of weeks of the new session," California Democratic Rep. George Miller, the incoming chairman of the House education committee, said in an interview.

At a news conference Tuesday, Miller said anew that making it easier for low-income and middle-class families to pay for college will be a priority. He declined, however, to say how lawmakers would pay for their initiatives, which may run head-on into another pledge: to require any new spending to be offset with cuts elsewhere or new taxes to avoid increasing the deficit.

Miller said Democrats would stick with announced plans to boost Pell grants, which do not have to be paid back and go to low-income students. Party leaders have said they want to raise the maximum Pell award from $4,050 to $5,100. That would cost roughly $4 billion a year, prompting some to press for a go-slow approach.<snip>

http://www.comcast.net/news/politics/index.jsp?cat=POLITICS&fn=/2006/12/12/540439.html

[jsamuel]

1. I love it, when Repubs want to spend more money, no one cares where they get it from.

But as soon as a Dem plan comes up that costs money the first question is, "That's all well and good, but how are you gonna pay for it?!"

[Monkeyman]

2. Buy taken away welfare for the rich

[in_cog_ni_to]

3. Right. There's a bottomless pit full of $$$$ for the Military Industrial Complex, but

when it comes to our education system, SS, Health Care....where ya gonna get the money for it? It's bizarre.

Maybe repealing that tax cut for the multi-millionaires could be a start?:eyes: