Rogers Votes Against Increased Student Aid and in favor of Corporate Welfare Payments to Lenders

On July 11, the U.S. House Passed HR 2669, The College Cost Reduction Act of 2007, which will increase student support by about $19 billion and reduce excessive corporate welfare payments to lenders by a like amount. It increases Pell Grants, lowers student loan interest rates and increases low cost loan limits while lowering mandatory taxpayer subsidies to lenders.

Mike Rogers, however, chose taxpayer funded lender profits over aid to students! Michigan Republicans Knollenberg, Miller and Upton were among the 47 Republicans who voted for students instead of corporate profits. For once Members of Congress from both parties stood up to the well financed student loan lobby. Rogers' vote shows his support for continuing the funding behind the recent student aid scandals. He prefers to help the student loan industry rather than Livingston County's college students and their families.

For further information go to: http://www.nytimes.com/2007/07/12/washington/12loan.html?_r=1&oref=slogin http://www.house.gov/apps/list/speech/edlabor_dem/rel071107.html
Tom