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Tuesday, August 08, 2006

If you are a student, this is important! Please read!

This is really important.

The most recent draft of the Bush Administration's Commission on Higher Education recommends cuts to federal aid by 50-75% encouraging students take out private loans as opposed to federal loans. This large cut in federal aid signals a cost to borrowers of $32 billion in additional interest payments. The Commission meets to finalize the draft on THURSDAY, AUGUST 10TH, 2006.

Please take action NOW by emailing AND calling the Commission's Public Comment Line within the next 24 hours. Below is a suggested text that you can email or read to the Commission.
Please tell your friends--this affects BOTH graduate AND undergraduate federal loans! Thanks very much.

Source: http://blog.myspace.com/index.cfm?fuseaction=blog.view&friendID=56100603&blogID=153716471

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