During a question-and-answer session with students at Kansas State University, sophomore Tiffany Cooper asked [PRESIDENT BUSH], "Recently, $12.7 billion was cut from education, and I was just wondering, you know, how is that supposed to help our futures?"
"The education budget was cut?" Bush responded. "Say it again. What was cut? At the federal level?"
She repeated the question and clarified that she was referring to student loans.
"Actually," Bush finally said, "I think what we did was reform the student-loan program.
"We're not cutting money out of it. In other words, people aren't going to be cut off the program. We're just making sure it works better."...
"Students and their parents will be paying their loans back at higher-than-market rates so that the government can pay for tax cuts for the very rich," said Luke Swarthout of the State Public Interest Research Groups' Higher Education Project.