Why do Republicans hate this country???
Under the bill, college students would pay higher interest rates on loans. Many banks will receive lower subsidies. And the Education Department will work with the Internal Revenue Service to ferret out students and parents who underreport incomes on financial aid applications. The budget bill is estimated to save $39.7 billion over the next five years. Student aid accounts for $12.7 billion of the savings, or 32 percent.
I remember Bush harping on about education being the savior of this country's economy and people. So how can he and his caucus be happy about this? I completely understand that they are downright thrilled that poor people are going to pay more for healthcare and receive fewer benefits, but how can they be happy about every child left behind...
Never mind.
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