A Quote by Debbie Stabenow
We need to make college affordable in price, and also have lower-cost student loans and more available grants for students.
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The higher amount you put into higher education, at the federal level particularly, the more the price of higher education rises. It's the dog that never catches its tail. You increase student loans, you increase grants, you increase Pell grants, Stafford loans, and what happens? They raise the price.
I am disappointed that Senator Ayotte has voted repeatedly for deep cuts in Pell Grants that would make college more expensive for thousands of New Hampshire students and voted against allowing young people to refinance their student loans.
Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
When students have access to low-interest loans and government aid, colleges have no incentive to cut costs. Why should a college lower tuition if more students are able to pay with subsidized loans from the government?
We have to do more to make it easier for parents to balance work and family. If you left college with a ton of loans, it`s not enough just to make college more affordable. You need help right now with the debt you already have.
Better educating our college students on the risks of high student debt and helping them to find alternatives to taking out student loans would help make the difference to their financial future.
At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.
Part of Obamacare eliminated the private sector financial market that engages in giving college student loans. I mean, now the federal government has taken over college student loans, so I sit back and strategically look at this and say this just cannot be happening.
Pell grants are the foundation of Federal student aid. As someone who attended college with the help of Pell grants and as chairman of the Pell Grant Caucus, I know how important they are for our Nation's low-income students.
Pell grants are critical tools for lower- and middle-income students to access higher education, and by expanding access to year-round courses, we can help non-traditional students complete their education sooner, allowing them to start their careers and pay off their loans.
Voters care only that student loans remain freely available and that they cost taxpayers as little as possible.
If there were no government-guaranteed student loans, college tuition would be much lower.
Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.
For the college years we will provide scholarships to high school students of the greatest promise and greatest need and guarantee low-interest loans to students continuing their college studies.
Lower standards tell students that they don't need to work hard and leave more high school students unprepared for college and the workplace.
Everybody has a way to get to college. You study in high school, you do your work. There are always grants or loans that can be available. I guarantee you - if you want it, you can get it. Don't close the door on yourself.
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