Edie Irons at MYDD reports the nasty details:
Last week, youth and students suffered a devastating political blow.
The budget reconciliation bill cut funding for a host of social programs, but student loans were by far the biggest target, with $12 billion making up about a third of the overall cuts. As of July 1st, student loans will have a fixed 6.8% interest rate, and borrowers will lose their right to opt for a repayment structure based on their income, as well as the right to reconsolidate loans at lower rates.
Read the whole thing and find out who college students will be voting for come election day.
Bush Student Loans Budget Cuts Financial Aid Election 2006
