More Money for Students

April 9, 2005

The March 24 editorial "Close the Spigot" suggested that Congress and the Education Department should take more seriously the calculations showing that subsidizing private lenders to make college student loans costs the government 10 times more than loans made directly by the Education Department.

In fact, some in Congress are taking the issue seriously. We've introduced bipartisan legislation in the Senate and House to end the waste in the student loan program and use the savings to increase Pell Grant college scholarships and graduate student fellowships by $1,000 each per student per year.

_____Letters to the Editor_____
| CAFTA: In Our Interest, or Not? (Post, April 11, 2005)| Too Much Credit Given Pope (Post, April 11, 2005)| Child Welfare Understaffed (Post, April 11, 2005)| No Individual Blamed (Post, April 11, 2005)| Tourist Trap (Post, April 11, 2005)| More Letters

_____What's Your Opinion?_____

| Share Your Views About Editorials and Opinion Pieces on Our Message Boards| About Message Boards

_____Free E-mail Newsletters_____
| Today's Headlines & Columnists
See a Sample | Sign Up Now| Breaking News Alerts
See a Sample | Sign Up Now

The Congressional Budget Office says our proposal will generate $17 billion in increased financial aid without costing taxpayers or students a dime.

TOM PETRI

U.S. Representative (R-Wis.)

EDWARD M. KENNEDY

U.S. Senator (D-Mass.)

Washington


#

tags