Cantor, at the White House for budget negotiations, apparently proposed that students who take out student loans should immediately start paying interest, rather than getting to make payments after graduation:
As Monday’s White House budget talks got down to the nitty-gritty, Eric Cantor proposed a series of spending cuts, one of them aimed squarely at college students. The House majority leader, who did most of the talking for the Republican side, said those taking out student loans should start paying interest right away, rather than being able to defer payments until after graduation. It is a big-ticket item that would save $40 billion over 10 years.
Originally posted by roguetechie
That's ridiculous and essentially negates the reasoning behind student loans... If they do this it will basically END most people's ability to get even a bachelors degree in a reasonable amount of time.
According to Kurtz, Obama rejected Cantor’s proposal out of hand, saying that he didn’t want to “screw students.”
Originally posted by TheOneElectric
Cantor can go suck off a horse.
My family and I are having a hard enough time paying for my last year of University. I feel for students who don't have GPAs similar to mine that allow them scholarship funding to assist in payment. My generation is the hardest hit by the waste created by the boomers and their decadent lifestyles. Now, they want to take our future away from us. We will not stand for this. . You've raised a generation with no hope and little prospect of success, but we'll make a way. We will have our day.
edit on 12-7-2011 by TheOneElectric because: (no reason given)