Monday, February 06, 2006

According to Congressman Green's spokesperson, I was wrong

Yes, I apparently didn't get my facts straight on the student aid cuts in the federal budget reduction bill passed by the House last week. I said in my post that this would hurt Wisconsin students. According to Paul Soglin's blog, Congressman Green's spokesperson says this is incorrect. The cuts hurt the parents of the students.
But in an e-mail, Green spokesperson Rob Vernon said the DPW release was full of misleading facts.“In their release, DPW says that the Deficit Reduction Act ‘increases the interest-rate cap on college loans from 7.9 percent to 8.5 percent.’ What they don’t say is that this rate increase applies only to PLUS loans, which are for parents, not students,” Vernon said.
My bad. I didn't realize that it was ok to screw the parents of college students at a time when the cost of going to college is skyrocketing.

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