| By pdelatorre - Dec 2nd, 2008 at 4:11 pm EST |
| Also listed in: Campus Progress Updates |
Bad news – despite letters from concerned taxpayers, students, and college affordability advocates, Treasury Secretary Henry Paulson announced that he will be moving ahead with his proposal to spend part of the $700 billion dollar bailout to “save” providers of private student loans.
Campus Progress, along with the Project on Student Debt and many others, urged Secretary Paulson against this action, and asked the public to express their concern. We feel that this action is unnecessary, counter productive, and unfair. We should not spend taxpayer dollars to help CEO’s while students are denied the right to discharge their education loans in bankruptcy if they run into financial hardships.
Don’t throw up your arms and walk away - we need to demand that any government bailout for lenders making risky, high-cost loans is accompanied by common sense protections for borrowers.
Write to Secretary Paulson urging him not to sell out students while bailing out lenders.
!
Comments are closed for this post.
And For Student Power has a strategy piece up about what students can do to resist the inevitable proclamations of slashed university budgets by linking it directly to the financial collapse and bailout: Link
The next day the [url=Link gold cheap[/url] little pig invited his mother over . She said "You see it is just as I told you. The way to get along in the world is to do things as well as you can." Fortunately for that [url=Link of warcraft gold [/url] little pig, he learned that lesson. And he just lived happily ever after! [url=Link wow gold [/url].