Now Bush Gives More Federal Aid!

Bush has infused the student loan market with more loans because private lenders like studentloan corp (citigroup) and others are giving very few loans anymore. This is oh so funny because of what Bush allowed in 2002-2003.

There was a huge dot.com slump. People were going back to school. Too many for the Republicans comfort. So they lowered how much student loan money a grad student could get. That meant that I was around $4000 a quarter short on tuition. And that did not include any books I had to purchase. They only way I could pay for this was with a credit card. So two years later, I had a ton of money on my credit card. I had to work 2 full times jobs for over a year to get my credit cards low enough so I could get a personal loan to get rid of the credit card debt. It was awful.

So now all I can do is laugh. As I hear young people complain that they will have to work part time to pay for college and that is not how it is supposed to be. Oh how they do not know what is like to work a full time job, a part time job, and go to school full time. I can’t stand their whining. Cry me a River.

I have a feeling that these infusion is just to cover what was out there the last few years. There needs to be more. There needs to be more incentive plans (i.e. if teachers teach 6 years after their initial schooling and certificate, they do not have to pay the money back) and other things to help people along. My pay might be hella low as a teacher, but I would be more than comfortable if I did not have any student loans. The hurdles are just too high.

Tags: student loans, money, federal loans, Bush