In light of Bachmann’s recent win in the Ames straw poll, a totally meaningless poll in which the Iowa GOP faithful pay to vote and, astonishingly, have a good track record of picking the eventual nominee, I present the following without comment:
It’s time to draw a line in the sand and stop increasing the debt load on our nation, our children and our grandchildren.
– Increases the loan limit above the determined financial need for graduate students enrolled in an eligible institution from $10,000 to $12,000, allows a limit of up to $2,000 for dependent undergraduate students, and increases the limit amounts for independent undergraduate students from $4,000 to $6,000 for the first two years of study and from $5,000 to $7,000 for the second two years of study (Sec. 2).
– Increases the total federal loan limit for undergraduate studies from $23,000 to $31,000 for dependent students and from $46,000 to $57,500 for independent students (Sec. 2).
- Pwn (v.) Slang term derived from the verb own, as meaning to appropriate or to conquer to gain ownership. The term implies domination or humiliation of a rival.