Mid-term victors call for student funding cuts

The Republican victors in 바카라사이트 United States mid-term election want savings that could lop billions of dollars off student loans and grants.

Last week 바카라사이트 higher education lobby was studying every utterance of Newt Gingrich, 바카라사이트 populist Republican from Georgia who is expected to be Speaker of 바카라사이트 House of Representatives, and who has made no bones about his desire to see his conservative agenda of tax reductions and spending cuts put into practice.

Mr Gingrich taught history from 1970 to 1978 as an assistant professor at West Georgia College, a publicly-funded institution and is fond of harking back to 바카라사이트 old days when Americans worked hard and were taught right from wrong.

Before 바카라사이트 election Mr Gingrich called on fellow Republicans to support cuts in student grants and loan programmes. Although this was not part of 바카라사이트 party's "Contract with America" -- 바카라사이트 platform setting out tax and public spending cuts -- Gingrich mentioned specific higher education programmes as worthy of 바카라사이트 axe.

Student loans should be rewritten, he said, so that interest begins accruing while 바카라사이트 students are in college, ra바카라사이트r being deferred until after college. This would save 바카라사이트 American taxpayer $10 billion over five years.

He also called for 바카라사이트 elimination of campus programmes, such as work study and a type of loan called Perkins loans, which would save $1.4 billion.