College Tuition Expenses

Senator Edward Kennedy has suggested the Student Loan Sunshine Act, which calls for lowering loan payments to 15% of the student’s income and cutting interest rates. This is necessary because it is evident that, especially with private lenders, that loaning companies are aggressively trying to attract students who will take larger loans to make more money. “We already know that the federal student loan program is filled with unnecessary subsidies for the big lenders,” Kennedy said. Congress should accept the Democratic plans of reform to make it easier for students of the lower and middle classes to get a higher education.

Janny Leunge of Application2Graduation in Chicago feels that it is worth the investment and the hardships of paying of loans to get a Bachelor’s degree. “If a student is willing to do whatever it takes,” she said, “he or she can make it.” According to a recent poll, roughly 50% of college graduates took on a student loan. To ensure that your child can go to college, parents need to put away $150 a month from the child’s birth to the time he or she goes to college. That is a lot of money for most families.

Whether one is in this situation or not, the problem is relevant to all Americans. Perhaps one can send a letter to his or her corresponding congressman expressing support for the Student Loan Sunshine Act. There are so many things that one can do, and it is certainly appreciated. Thank you.