Baltimore Sun Gets Student Loan Bill All Wrong
The article goes on with quotes about helping the poorest students and states that lender subsidies will be cut dramatically and the majority of that money will be poured back into Pell Grants and other programs designed to help the lowest income students afford college. Great, you got that all right.
Now on what the bill really does and the flip-side of that coin. It takes money away from middle class and working students who do not qualify for much of the need based assistance. It does wrong exactly what our welfare system does wrong. It penalizes the working student and the middle class. We need laws and regulation that award hard work and progress not penalize it.
This is a compromise of the highest order and at the very least that deserves to be said. Believe it or not this country can afford to give more money to the poorest students without taking it away from the working students and the middle class families in this country. The Blatimore Sun jumped on the bandwagon on this one and in my opinion this is an example of shoddy reporting not an attempt to mislead anyone.
Here's a link to the article:
http://www.baltimoresun.com/business/investing/bal-bz.ambrose16sep16,0,7308198.column
