Wednesday, December 20, 2006

Why We Are Right

"Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives."
James Madison
However one must be able to afford that education. The rise in interest rates, tight job market, declining real wages, and the Republican Party's non-interest in education have led to this crisis.
Democrats Promise Interest Relief for Student Loans
by Brady Averill and Rob Hotakainen

Alarmed by a rapid rise in student debt, Democratic leaders in the coming Congress are promising to lower payments on new college loans by cutting the interest rate in half.

During the first 100 hours of the 110th Congress, Democrats plan on reducing the interest rate from 6.8 percent to 3.4 percent. They contend that would help the typical undergraduate student borrower - who graduates with $17,500 in debt - pocket $5,600.

Across the nation, debt loads are rising for students, the highest being in New Hampshire, where the class of 2005 graduated with an average debt of $22,793, according to The Project on Student Debt. (Your state's average debt can be found at

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