I’ll admit, for a minute there last Sunday, March 21st I was glued to CSPAN. It was the health care debate (and I’m using the word “debate” liberally—it was more like a verbal joust, with dems and reps haranguing insults at one another and the speaker having to cut pretty much everyone off).
The last time I was glued to CSPAN, David Banner and Master P were testifying to congress about stereotypes in hip hop. I wouldn’t make that up.
While nothing entirely tangible came from Mr. Banner’s and Mr. P’s testimonies, we got something awesome out of this more recent debate. You guessed it, a more comprehensive health care plan!
And little known to students everywhere—SAFRA was tucked away all nice and warm in the recent passage of this historic health care reform.
Education Week writes a fantastic wrap-up of everything the House vote approved last Sunday, but here are the basics:
“The bill rewrites a four-decades-old student loan program, eliminating its reliance on private lenders and uses the savings to direct $36 billion in new spending to Pell Grants for students in financial need.
… the bill would also provide more than $4 billion to historically black colleges and community colleges.
‘By moving to the federal government’s direct loan program, we will put the best interests of students first and make college loans more reliable and affordable,’ said Rep. Ruben Hinojosa, D-Texas, the chairman of a House higher education subcommittee.”
This week the Senate will vote to approve this same bill, but because it has been fast-tracked with health care, will only need 51 votes to be approved.
Looks like lower interest rates for student loans is on the horizon! Well done, Washington D.C.






