The parties are both standing firm on their proposals, Republicans want to cut trillions in spending and Democrats suggest increase in taxes to the wealthy to cushion a higher debt ceiling. President Obama is pleading to the parties to settle their differences. Not likely to happen. So students should be tightening their pockets and parents be start opening college funds for future students. Students are approaching the point where they can’t afford college themselves. Tuition skyrocketing and now future generations are struggling to find the money, because political parties can’t compromise. Ridiculous! Loan applicants shouldn’t be the only one worrying though, it’s likely this crisis will reduce federal grants such as Pell Grants. College students who need or have earned federal grants to get higher education are less accessible. The debt ceiling decision will strangle the finance opportunities that students need to pay for higher education that is becoming more essential to any occupational success. Frightening what one decision can mean for college students everywhere.
Thursday, July 28, 2011
Debt Ceiling Busts Through Student Financial Aid
With the current debt ceiling dilemma, a common question is occurring. How will the solution affect individuals and ‘the people’? A very valid question, because whatever the resolution Democrats and Republicans can agree on will have an aftermath on this already ill-economy stricken nation. One of the impacts of this issue could be the University of Texas at Austin and students should be worried! Financial aid students, those with loans and incoming students could be facing higher interest rates and having a more difficult times getting loans. Isn’t it already impossible enough to receive aid and pay for college? The debt ceiling fiasco threatens to make it frightening!
The parties are both standing firm on their proposals, Republicans want to cut trillions in spending and Democrats suggest increase in taxes to the wealthy to cushion a higher debt ceiling. President Obama is pleading to the parties to settle their differences. Not likely to happen. So students should be tightening their pockets and parents be start opening college funds for future students. Students are approaching the point where they can’t afford college themselves. Tuition skyrocketing and now future generations are struggling to find the money, because political parties can’t compromise. Ridiculous! Loan applicants shouldn’t be the only one worrying though, it’s likely this crisis will reduce federal grants such as Pell Grants. College students who need or have earned federal grants to get higher education are less accessible. The debt ceiling decision will strangle the finance opportunities that students need to pay for higher education that is becoming more essential to any occupational success. Frightening what one decision can mean for college students everywhere.
The parties are both standing firm on their proposals, Republicans want to cut trillions in spending and Democrats suggest increase in taxes to the wealthy to cushion a higher debt ceiling. President Obama is pleading to the parties to settle their differences. Not likely to happen. So students should be tightening their pockets and parents be start opening college funds for future students. Students are approaching the point where they can’t afford college themselves. Tuition skyrocketing and now future generations are struggling to find the money, because political parties can’t compromise. Ridiculous! Loan applicants shouldn’t be the only one worrying though, it’s likely this crisis will reduce federal grants such as Pell Grants. College students who need or have earned federal grants to get higher education are less accessible. The debt ceiling decision will strangle the finance opportunities that students need to pay for higher education that is becoming more essential to any occupational success. Frightening what one decision can mean for college students everywhere.
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