Bill could cut $15 billion from student loan programs

November 11, 2005 | | The Daily Orange |
Crawford provided an article written by Nomi Prins, author of "Other People's Money: The Corporate Mugging of America," in criticism of the bill. According to Prins, it was introduced to fulfill President George W. Bush's request for a $50 billion budget cut. "That's not a very visionary way to take care of the deficit," Prins wrote, "particularly since the education allocation represents a mere one-half of 1 percent of the total entitlement budget."
Prins paralleled Morrow in her article, stating student protesting stopped a similar $20 billion cut in student loans in the mid-1990s.