Bob Wise: “But then there is still a balance that has to be reached. There is not…”

On the recordSeptember 13, 1995

But then there is still a balance that has to be reached. There is not only $10 billion, as I understand it, that was originally considered out of higher education, then the Head Start, Title I and all of that, which is part of an overall pot. I am here keep it to higher education at this point. If the gentleman will continue on with where the balance of the cuts come from? Mr. McKEON. $3.5 billion from eliminating the interest subsidy for the 6-month period. In other words, right now a student, any student, can get a loan to go to school. Any student. If they meet the requirements, if their income is low enough and they meet the requirement, the Government will subsidize the interest while they are in school. That is the current law.

Said by

Bob Wise

West Virginia

Source

govinfo.gov

Editor's note · Context

Discussing budget cuts affecting higher education and student loan interest subsidies.

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Other voices in this conversation

Bob Wise: “But then there is still a balance that has to be reached. There is not only $10 billion, as I understand it, that was…”

Editor's note · Context