The Democratic Leadership deserves a round of applause for their efforts in passing the College Cost Reduction Act of 2007. The question is, will the Republicans in Wisconsin’s State Legislature make our students educationally bankrupt?
With college costs rising more than 40% in the last five years and more students taking out loans at high interest rates, times are more difficult than ever for students. Do to the hard work of the Democrats in congress the students have finally been provided with relief.
According to a Statement Released by the House Education and Labor Committee, The
College Cost Reduction Act of 2007...
Is the single biggest increase in College Financial Aid since the GI Bill at no additional costs to tax payers.
Cuts interest rates in half on subsidized student loans over the next five years.
Increases federal loan limits to provide borrowers with additional assistance in paying
for college and to help them rely less on costlier private loans.
Increases the maximum Pell Grant scholarship by at least $500 over the next five years,
ultimately reaching a maximum scholarship of at least $5,200.
These are just some of the great items included in the College Cost Reduction Act of 2007.
Democrats know how important it is to help their younger generation get through college… so they did something about it. We can only hope that the President signs the bill when it arrives on his desk. Out of all the issues that need prioritizing, it’s Education. Education is what prepares for the future. It is our knowledge base. It is the base stood upon in the real world. A world of increasing competition. America and its future generations need tools to continue the growth of the economy and keep America strong. We need to think about future benefits received from education when we consider its cost. The current cost is irrelevant when compared to the nations future. A nation or state that doesn’t aid to education will deprive students of their future, thus depriving the nation of its future. The continuation of this cycle will lead the nation into educational bankruptcy
This concept is fully understood by Governor Doyle and the Democrats in the State Legislature. I only hope some of the Republicans in the Wisconsin State Legislature are listening. Maybe then students in the State of Wisconsin will have educational assets to flourish in the 21st century.