THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, August 9, 1995 TAG: 9508090008
SECTION: FRONT PAGE: A14 EDITION: FINAL
TYPE: Letter
LENGTH: Short : 30 lines
Regarding ``Cost of grad school loans could increase'' (news, July 21): Increasing the interest on loans for grad students would do many things. As good as it sounds economically, it would be anything but that.
As a prospective grad student, I find it startling that Cheri Jacobus, spokeswoman for the Republican-led House Committee on Economic and Educational Opportunities, assumes every grad student will be ``high-earners or millionaires.'' Anyone interested in the arts or humanities knows with all the cuts they have received that it is probable one would not be earning much more than most Americans. If grad students knew they had more than $65,000 to pay back, they would be forced to go into specialized medicine, and the suburbs to teach.
The loans that would be affected go to lower- and middle-income students; thus, only high-income students would be able to afford grad school. The already-existing gap would be widened.
REBECCA DANIEL
Virginia Beach, July 19, 1995 by CNB