More Bush Chicanery
Compare and contrast the first and second paragraphs of this article from today's Chronicle of Higher Education
"President Bush announced on Friday that he will seek to raise the maximum Pell Grant by $500, to $4,550, over the next five years, as well as to eliminate a $4.3-billion shortfall that has plagued the program for the past several years.
"Speaking at Florida Community College at Jacksonville, Mr. Bush made clear that he does not plan to request additional money to achieve these goals. Instead, the president said he would ask Congress to generate savings by "reforming" the federal guaranteed student-loan program, which relies on banks and other types of lenders to deliver money to students."
Five hundred dollars is not a big increase, though of course it is better than nothing. But this "reform" idea is alarming. The only way to give bigger grants without increasing expenditures is to give fewer of them, unless the program is made less profitable for banks, which I do not believe will happen with Republicans in charge.
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