Myth: Congress' budget guts student loans. What is the fact? The fact is that in 1995 we spent $24 billion; in 1996 we spend $26 billion; in 1997, $28 billion; 1998, $30 billion; 1999, $32 billion; in the year 2000, $33 billion; the year 2001, $34 billion, and we end up spending $36 billion a year in the year 2002. Every year it increases.
Addressing misconceptions about student loan funding in Congress.
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