johnandreew

Why won't this be a good thing?

I don't see how this bill would allow colleges to increase their budgets, since it does NOT give money to them directly. What this bill would do is provide financial relief to those who depend on federal loans to fund their education.

From the federal government's point of view, something like this would probably be a good idea, because a more educated population produces more, and therefore pays more taxes. For them, something like this is really just a wise investment.

This bill would disproportionally benefit students from lower income households, because they are the most dependent on such loans. Therefore, this bill would promote equal opportunity for those facing the greatest financial obstacles to higher education.

Lastly, if universities can expand their budgets without increasing tuition, I'd count that as a win.

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Andrew Carlos (Financial Advisor)
NutshellForum.com
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