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47of74

(18,470 posts) Fri Oct 16, 2015, 08:22 PM Oct 2015

Funding for Perkins Loan ends

Source: WEAU

WASHINGTON (WEAU) -- Time has run out on funding for the Federal Perkins Loan Program. It’s something Wisconsin Senator Tammy Baldwin says shouldn’t have happened.

“There are countless students half a million today, that rely on Federal Perkins loans,” Baldwin said.

According to the U.S. Department of Education, in the 2013-2014 school year institutions like the University of Pennsylvania and Cornell University each distributed about 10 million dollars in Perkins Loans. Senator Baldwin fought on the senate floor for schools like these to keep the program. One Senator objected.

"Reauthorizing the Perkins Loan would cost over $5 billion over 10 years. Many witnesses before our committee have said that $5 billion would be better spent paying for more Pell grants,” Tennessee Senator Lamar Alexander said.

Read more: http://www.weau.com/home/headlines/Funding-for-Perkins-Loan-ends-333367191.html

We can't have people getting educated now, can we?

6 replies

= new reply since forum marked as read

Highlight:

Funding for Perkins Loan ends (Original Post) 47of74 Oct 2015 OP

Pell Grants are NOT loans: therefore, no interest to be paid Demeter Oct 2015 #1

Grants don't usally cover the cost of education 47of74 Oct 2015 #2

Chill? You're saying the money is now available through Pell Grants? CreekDog Oct 2015 #4

I benefited from Perkins Loans davidpdx Oct 2015 #3

Obama is reducing the deficit! hughee99 Oct 2015 #5

Sen. Alexander: $5 bllion would be better spent on Pell Grants LastLiberal in PalmSprings Oct 2015 #6

Demeter

(85,373 posts)

1. Pell Grants are NOT loans: therefore, no interest to be paid

Reply to 47of74 (Original post)

Fri Oct 16, 2015, 08:28 PM

Oct 2015

and no principle, either. Chill.

47of74

(18,470 posts)

2. Grants don't usally cover the cost of education

Reply to Demeter (Reply #1)

Fri Oct 16, 2015, 08:31 PM

Oct 2015

I had to take out loans when I went to school because they only covered 1/2 of what it cost. There would have been no way I could have went to school without loans.

They have all this money to have political sideshows like Bengazi or to buy stuff from their defense contractor buddies but things that help regular people. Nope, can't be spending money on that now.

CreekDog

(46,192 posts)

4. Chill? You're saying the money is now available through Pell Grants?

Reply to Demeter (Reply #1)

Sat Oct 17, 2015, 10:10 AM

Oct 2015

I really wonder about your posts sometimes.

davidpdx

(22,000 posts)

3. I benefited from Perkins Loans

Reply to 47of74 (Original post)

Fri Oct 16, 2015, 09:37 PM

Oct 2015

The question is will they put that $5 billion into Pell Grants or just cut it. I think anyone who thinks the Republicans will do so might want to have their head examined.

hughee99

(16,113 posts)

5. Obama is reducing the deficit!

Reply to 47of74 (Original post)

Sat Oct 17, 2015, 11:24 AM

Oct 2015

http://www.democraticunderground.com/10027264879

LastLiberal in PalmSprings

(12,578 posts)

6. Sen. Alexander: $5 bllion would be better spent on Pell Grants

Reply to 47of74 (Original post)

Sat Oct 17, 2015, 10:57 PM

Oct 2015

Notice that he didn't say he was going to write a law to actually fund $5 billion in Pell Grants.

Compassionate conservatism: "I'd really like to help you, but I won't."

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