tag:blogger.com,1999:blog-13824647.post116475406615520030..comments2024-03-19T02:14:53.747-07:00Comments on The Narrow Bridge: "Comeuppance is at hand"Anyahttp://www.blogger.com/profile/17251949534479867675noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13824647.post-1164825935025488282006-11-29T10:45:00.000-08:002006-11-29T10:45:00.000-08:00If PIRG is your best authority for the proposition...If PIRG is your best authority for the proposition that "students (not banks) took serious cuts" last spring, that's not very convincing. <BR/><BR/>Three or four years ago, both Republicans and Democrats voted to raise interest rates on Stafford loans to a fixed 6.8 percent, effective July 1, 2006. <BR/><BR/>Luke, you are aware of that earlier law, aren't you? You may have even supported it. <BR/><BR/>When Congress cut lender payments by $15-16 billion last spring (by eliminating something called floor income), Congress chose not to use those savings to amend the earlier law and reduce rates. <BR/><BR/>It did use some of it to pay for raising the annual cap on borrowing and other changes benefiting borrowers. And it chose to use about $12 billion of the savings to "reduce the deficit" (their words, not mine).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13824647.post-1164824446362869772006-11-29T10:20:00.000-08:002006-11-29T10:20:00.000-08:00You must be kidding when you call Barmak Nassirian...You must be kidding when you call Barmak Nassirian of the college registrars association the "resident philosophe of the higher ed community."<BR/><BR/>He works for the institutions that set the prices, which have been skyrocketing. Of course, he points his finger at someone else.Anonymousnoreply@blogger.com