Khendon Sevon
May 1st, 2006, 11:00:52 PM
The state government of NJ is currently about 4 billion $$ in debt and has been in debt for a while now. Indeed, they are one of the most-in-debt states in the US.
Their solution? Raise taxes, cut spending. Alright, an increase from 6% to 7% sales tax, $.25 added to cigs, all that is cool.
But, wait! They're cutting $160 million from gov't funded education! That means TCNJ (The College of New Jersey), NJIT (New Jersey Inst. of Technology), and RU (Rutgers University) will all suffer. RU is being hit particularly bad taking about $100 million of the cuts--the New Brunswick campus has about 40,000 students alone.
That means tuitions will go up.
Okay, that's why we have Federal Aid and Federal Loans, right? Wrong.
The Bush admin. has cut back several billion dollars on aid and loans for students. On top of that, incentives for banks have been reduced. As such, some loans are going up to 8% for students. With aid cut back, it's getting harder and harder to pay for school.
Now, I go to a private college in NJ. Really, none of this affects me (my parents already pay an obscene $41,000/year). However, most of my friends go to RU or TCNJ. They're getting kicked in the ribs. I don't like it when people bother my buddies.
/End Rant.
Their solution? Raise taxes, cut spending. Alright, an increase from 6% to 7% sales tax, $.25 added to cigs, all that is cool.
But, wait! They're cutting $160 million from gov't funded education! That means TCNJ (The College of New Jersey), NJIT (New Jersey Inst. of Technology), and RU (Rutgers University) will all suffer. RU is being hit particularly bad taking about $100 million of the cuts--the New Brunswick campus has about 40,000 students alone.
That means tuitions will go up.
Okay, that's why we have Federal Aid and Federal Loans, right? Wrong.
The Bush admin. has cut back several billion dollars on aid and loans for students. On top of that, incentives for banks have been reduced. As such, some loans are going up to 8% for students. With aid cut back, it's getting harder and harder to pay for school.
Now, I go to a private college in NJ. Really, none of this affects me (my parents already pay an obscene $41,000/year). However, most of my friends go to RU or TCNJ. They're getting kicked in the ribs. I don't like it when people bother my buddies.
/End Rant.