Stand Up for College Accessibility and Affordability

We have witnessed a great deal of excess and greed from the halls of Wall Street of late.  They’ve fractured our economy, they’ve gorged on our tax dollars, and yet they seem to have the same wanton attitude of irresponsibility that got us here in the first place.

We can’t let them instill this malfeasance in our system of higher education.

Currently, huge government subsidies are shelled out to banks for offering “student loan programs,” loans that cost the federal government billions of dollars, put students into dire financial straits during and following college, and line the pockets of Wall Street executives.  The government already offers a direct loan program, but often this isn’t enough to cover the ever-rising cost of university education.  By moving to a program of only direct loans, the government can cut costs, students can enjoy reduced interest rates and more forgiving repayment terms, and American education can be put back into the hands of those that care.

The security of this nation depends on a well-educated populace.  We can’t expect to overcome the challenges of tomorrow if greedy loan officers are standing between our youth and the knowledge they’ll need to move this nation deep into the 21st centruy and beyond.

So please, take the time to visit BarackObama.com to let the Education Committees in the House and Senate know how you feel.  And it never hurts to give your own Senators a ring:

Debbie Stabenow:  (202) 224-4822
Carl Levin:  (202) 224-6221