Friday, June 1, 2012

Both sides fail in student loan debate

When elephants fight, the grass suffers. In the fight between our two major parties on how to help college students, the facts suffer.
The debate is ugly. In a recent volley, MoveOn.org ran a full-page print ad in Politico on May 3 headlined “Republicans Must Think We are Stupid” with a picture of three sullen youths. The copy states, in part, “Republicans in Congress say they’ll only keep rates low if they cut funding for women’s health.” It adds that Mitt Romney “supports a budget that would cut Pell Grants by as much as $170 billion.” It concludes, “Keep Stafford loan rates low, and do it in a way that doesn’t try to pit students against women.”
Wow! Romney wants to cut Pell Grants “by $170 billion”! He must hate this program! I had to research this. MoveOn’s hit on Romney cutting Pell Grants seems to be based on his praise for the House-passed Ryan 10-year budget. However, Romney has broken with the Ryan plan, in part by supporting lower interest rates on student loans.
The student loan and grant programs were goosed up by a Democratic Congress and President Obama as a short-term fix in the darkest days of the recession. A closer look at the numbers shows the $170 billion in “cuts” are really an attempt to rein in out-of-control spending on the program. Now MoveOn is attacking Republicans who do not agree that this should be a permanent and growing entitlement.

1 comment:

Unknown said...

How to help students? It’s easy, it’s enough to make the education more affordable and lower the prices, because today college tuition is a luxury and plenty of young Americans should take out to get a degree. Parties should try to find a compromise, because their fights won’t help. Student loan debt is increasing with each day and there’s no time to wait, it’s already more than $1 trillion. I think it’s important to lower prices, create more jobs and give student more time for repayment. Lots of people use easy cash online to make payments on their loans and get deeper in debt, so government should try to make all the process easier.