Political Quotes

“We are talking about what we learned back home over the Fourth of July recess. Just prior to that break, I met with a group of university presidents. One of the Democrats in the group said, ``Oh, the Republicans are destroying student loans. They're ending student loans.'' He went on and on and on and on and on. That is an outright, bald-faced lie. That is the only way I could say it. One of the university presidents said, ``We have got to protect student loans, this isn't right.'' Afterwards, I talked to him. I said, ``Doctor, let me ask you a question. Does your university have a business school?'' He said, ``Yes.'' I said, ``Do you teach in the business school that interest begins to accrue from the time that the person gets the money, not 4 years later,'' as is how the student loan program is presently run. He said, ``That's correct.'' I said, ``Do you realize that a college graduate earns at the minimum $600,000 more in his lifetime than a noncollege graduate? He said, ``I understand that.'' I said, ``And do you also realize that all the Republican plan says is this: That if a college student borrows $30,000, which is the maximum amount of money, and beings to pay it back 4 years after he gets the initial amount, that the additional amount he is going to pay is 55 cents a day in interest until that is paid off''? That is a cup of coffee.”