College Cost Reduction Act's most adamant supporter

The College Cost Reduction Act of 2007 will provide the single largest investment in higher education since the GI bill. And it will do so at no new cost to taxpayers, by cutting excess subsidies paid by the federal government to lenders in the student loan industry.

College costs have grown nearly 40 percent in the last five years. Students are graduating from college with more debt than ever before. (I should know, I just graduated with a Bachelor's degree). The United States is lagging behind in its once top of the world education system.

More information about the bill available here
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bamdrewsays...

The student loan industry has hands in a lot of pockets, for promises of 'business as usual'. 'Excess' subsidies to student loan providers is 18 billion dollars, thats an indication of how much is at stake if the government really starts helping families and calling the industry out on their BS.

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