Quote:
Originally Posted by Danzig
lol
'we need to cut spending'. then a suggestion is made by the evil obama, and it's an awful move. 
The first proposal would end the "year-round Pell" policy that let students collect two grants in a calendar year, with the second grant used for summer school. The official said the costs exceeded expectations and there was little evidence that students earn their degrees any faster.
The change would save $8 billion next year and $60 billion over a decade, the official said.
A second proposal would reduce loan subsidies for graduate and professional students. That would free $2 billion next year and save $29 billion over 10 years, according to the official.
The government currently pays the interest on student loans for some graduate and professional students as long as they stay in college. But the official said experts think the subsidy has failed to encourage more students to attend graduate school and it isn't well-matched to borrowers who have trouble repaying the loans.
i agree with their suggested changes. |
This is education we are talking about here. You dont think there are other programs that can be cut or eliminated? Yes I am in agreement with you that cuts do need to be made to reduce the deficit.