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Article #8

Re: Student Loans - NAGPS is a waste.

#8
From: David Lynch
Date: Mon, 15 Jan 1996 00:00
93 lines
4946 bytes
rosati@gusun.georgetown.edu says...
>David Lynch wrote:
>> 
>> The sky IS NOT falling--contrary to what the DEMOCRATS want
>> you to beleive.  Under the REPIBLICAN plan, there are cuts made,
>> but they are to BANK PROFITS!  Isn't that GREAT!
>> 
>
>RRRRR!! Wrong answer! Thank you for playing!
>
>For the correct answer to Mr. Lynch's issue, please refer to the 
Student 
>Aid Crisis Web page at:
>
>http://nagps.varesearch.com/Student_Aid/student-aid.html
>
>There you will learn the sad truth about just how horrid the future of
>student financial aid could be under the Republican visage....
>
>Regards,
>
>Anthony Rosati,
>NAGPS Board of Directors

I chcked out you site, Anthony, and was greeted by an article that 
spoke of the CBO scoring of the Balance Budget Bill, with the 
following introduction:

# Senate Budget Committee minority staff have helped me 
# understand  this stuff and I have borrowed words extensively.
#  (liberal text deleted)
#
# Thomas A. Butts
# Associate Vice President for Government Relations
# University of Michigan
# 202-554-0578, FAX 202-554-0582, tombutts@umich.edu

First of all, if you really want to understand this bill, call the aids to 
Rep. Kasich.  He knows what's in this bill and will tell you "like it is" 
rather than spew political nonsense like the Democrats.  

Second, I found this on the site:

# Today we received a press release from William Clay's Office (he's 
# the Ranking Democrat on the House Committee on Economic and 
# Educational Opportunities Committee).  The press release identifies 
# how the proposed cuts to student loans in the House may save the 
# federal government $3.75, but they cost the students nearly $8.31
# billion. This is due to accumulation of additional interest due over 
# the life of the loan.
#
# Kevin Boyer
# NAGPS Executive Director

Again, you are being fed Democratic liberal nonsense.  I'm not even 
claiming that the content of this is false.  I am critizising your source. 
 You do not speak of any Republican sources, nor list any Republican 
responses (on this page), rather you list them on a seperate page as 
a joke.

Concerning the last entry: I still don't see proof that this bill would 
make it PHYSICALLY HARDER  to get a student loan.  These cuts 
may make a difference in the amount of interest that accumilates, but 
DOES NOT keep a single student from receiving loans.

Should government subsidize interest payments while a student is in 
college?  Why? The student already gets the best rate anywhere, 
PLUS the government is already providing GUARANTEED FUNDS.  
Maybe the increase in interest will persuade the queasy from getting 
over thier heads in loans? 

I admit I use student loans (including direct loans), but I get half of my 
funding from a grant that doesn't need to be paid back.  (I am not even 
very needy, as I didn't qualify for a PELL GRANT, but I still got 
another grant because my parents aren't financing my education.)  I 
just don't see the need for our government to have to create A HUGE 
agency to keep track of these loans made from the federal 
government.  Comercial banks do a good job of keeping track of 
millions of individual loans and is in the spirit of capitalism that they 
get the business of student loans for a small fee.  The government 
simply OUTSOURCES the loans to someone who is more adept to 
handle them with the guarantee they will be paid for.

I can't believe that these IGNORANT students don't bother to check 
out the bill and see what it actually does.  It proves a little more 
inconvienent for them ("I got to fill out all of these extra forms!", says 
Jane.) but saves the national government money.

Your webpage is a waste of disk space.  Vote Republican in '96!

David Lynch
dlynch@grove.ufl.edu
University of Florida
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From: dlynch@grove.ufl.edu (David Lynch)
Subject: Re: Student Loans - NAGPS is a waste.
Date: 1996/01/15
Message-ID: <4de4en$b4b@no-names.nerdc.ufl.edu>
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