Steve Balich Editors Note: Very important the the Federal Government Reduce the Interest Rate on Student Loans to Prime or less. The quasi government student loans are between 6 1/2 and 9 percent. The student can’t default using bankruptcy and if they don’t pay the IRS takes what is owed from their Taxes. People with loans are paying an unfair interest rate and new borrowers probably don’t know what financial burdens they are taking on. I know a man about 57 years old that pays interest only of $2000 per month because he can’t afford to pay down the principal. I am sot saying make it free but surely want it fair.
The next question is why the government keeps giving student loans to pay for ever increasing college tuition. If the loans are capped the Tuition will not go up. If the Dollars for loans are cut the Tuition will go down.
Halbrook sponsors resolution aimed at expanding Illinois students’ educational opportunities
State Rep. Brad Halbrook (R-Shelbyville) insists that his motivations for sponsoring House Resolution 0169 are simple.
“I think everyone should have the opportunity to be educated where they feel it’s best for them to be educated,” Halbrook told Prairie State Wire. “With this legislation, I’m hoping to bring attention to the situation and to call on Gov. J.B. Pritzker to see the current evidenced-based funding formula for schools all the way through to the end.”
Illinois State Rep. Brad Halbrook (R-Shelbyville)Specific language in HR 0169 directly urges state and federal governments to protect and expand school options for children trapped in underperforming schools across the state.
“My hope is that the ones who stand to be helped most by this are the families and kids who need different choices to assure that they are getting access to the best education possible,” Halbroook added. “It all seems like a win-win situation to me for those who want everyone to have a chance at getting the best education they can.”
Halbrook said he does not know of any good reason why Pritzker would be advocating in favor of any other path forward.
“I’m just speculating, but it may have something to do with the tax credits that would be needed to give everyone a fair choice,” he said. “If that is indeed his stance, I’m in total disagreement with it. I think kids and families need to be free to be educated in an environment and in the surroundings that work best for them.”
Halbrook added that he has always believed competition in the marketplace works to make any product better than what it might normally be.
“That’s what competition does,” he said. “It drives the quality and service of everything up, while reducing the overall costs. I think this would be another example of that.”
