3.08.2005
Bush to cut Federal Student Loan Programs
Part of Bush's budget plan calls for the elimination of several Federal Loan programs, including the Perkins loan (a program benefiting over 700,000 students each year). I was forward an e-mail from Daniel Barkowitz (Blog on Perkins Subject), Director of Student Financial Aid at MIT, concerning the cuts:
We are writing to ask your assistance in making sure that an important part of your financial aid package this year is not eliminated from the Federal financial aid budget starting with the 2005-2006 academic year. Under the President's budget, the Federal Perkins loan program (along with several other financial aid programs) would be eliminated, depriving thousands of MIT students like yourself of a subsidized low-cost loan.
It is critical that you act now as Congress is beginning to debate the issue in committee tomorrow and your action may help solidify support to keep the Perkins program.
It is important that Congress hears from students who would be affected by any change to the Perkins program. By contacting your Congressperson and registering your objection to the program being cut you can help in this effort.
Still think the federal government doesn't affect you (or your daughter or your grandson)? Nationally, the average Perkins loan is about $2,000 (up to $4,000 for undergrad, $6,000 for grad students). If you don't think that $2,000 will affect you, feel free to send it to me.
Be sure to let your senator (or 202-224-3121) and representative (or 202-225-3121) know how you feel!
Thanks to Chad for the info.
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