February 8, 2005: Headlines: COS - Somalia: Congress: Politics: Loans: Manitowoc Herald Times Reporte: Tom Petri touted his Direct Loan Reward Act that, if passed this Congressional session, would achieve savings of some $18 billion over the next 10 years in the federal student loan program
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February 8, 2005: Headlines: COS - Somalia: Congress: Politics: Loans: Manitowoc Herald Times Reporte: Tom Petri touted his Direct Loan Reward Act that, if passed this Congressional session, would achieve savings of some $18 billion over the next 10 years in the federal student loan program
Tom Petri touted his Direct Loan Reward Act that, if passed this Congressional session, would achieve savings of some $18 billion over the next 10 years in the federal student loan program
Tom Petri touted his Direct Loan Reward Act that, if passed this Congressional session, would achieve savings of some $18 billion over the next 10 years in the federal student loan program
Petri talks budget plans, business on visit to Manitowoc
By Charlie Mathews
Herald Times Reporter
[Excerpt]
Petri touted his Direct Loan Reward Act that, if passed this Congressional session, would achieve savings of some $18 billion over the next 10 years in the federal student loan program.
He said the student loan program includes big subsidies for private banks that are unnecessary. “If we stop subsidizing banks and just provide the loans directly form the U.S. Treasury, we could free up billions of dollars to be used for Pell scholarships,” said Petri, vice-chairman of the Education and Workforce Committee.
Recognizing health care costs as an ever-increasing concern to businesses, he vowed to keep pushing for association health plans, allowing smaller employers to band together, as well as health savings accounts for individuals.
He takes pride in having a reputation as a fiscal conservative. “I am in favor of having tighter budget discipline and having procedures in effect to force people” to show how a program would be paid for, he said.
Before the lunch meeting, Petri visited Burger Boat to tour its new $5 million manufacturing complex. In the afternoon, he visited Silver Lake College.
Charlie Mathews: 686-2969 or CMathews@htrnews.com
When this story was posted in February 2005, this was on the front page of PCOL:
 | The Peace Corps Library Peace Corps Online is proud to announce that the Peace Corps Library is now available online. With over 27,000 index entries in 430 categories, this is the largest collection of Peace Corps related stories in the world. From Acting to Zucchini, you can use the Main Index to find hundreds of stories about what RPCVs with your same interests or from your Country of Service are doing today. |
 | Bush's FY06 Budget for the Peace Corps The White House is proposing $345 Million for the Peace Corps for FY06 - a $27.7 Million (8.7%) increase that would allow at least two new posts and maintain the existing number of volunteers at approximately 7,700. Bush's 2002 proposal to double the Peace Corps to 14,000 volunteers appears to have been forgotten. The proposed budget still needs to be approved by Congress. |
 | RPCVs mobilize support for Countries of Service RPCV Groups mobilize to support their Countries of Service. Over 200 RPCVS have already applied to the Crisis Corps to provide Tsunami Recovery aid, RPCVs have written a letter urging President Bush and Congress to aid Democracy in Ukraine, and RPCVs are writing NBC about a recent episode of the "West Wing" and asking them to get their facts right about Turkey. |
 | Ask Not As our country prepares for the inauguration of a President, we remember one of the greatest speeches of the 20th century and how his words inspired us. "And so, my fellow Americans: ask not what your country can do for you--ask what you can do for your country. My fellow citizens of the world: ask not what America will do for you, but what together we can do for the freedom of man." |
 | Latest: RPCVs and Peace Corps provide aid Peace Corps made an appeal last week to all Thailand RPCV's to consider serving again through the Crisis Corps and more than 30 RPCVs have responded so far. RPCVs: Read what an RPCV-led NGO is doing about the crisis an how one RPCV is headed for Sri Lanka to help a nation he grew to love. Question: Is Crisis Corps going to send RPCVs to India, Indonesia and nine other countries that need help? |
 | The World's Broken Promise to our Children Former Director Carol Bellamy, now head of Unicef, says that the appalling conditions endured today by half the world's children speak to a broken promise. Too many governments are doing worse than neglecting children -- they are making deliberate, informed choices that hurt children. Read her op-ed and Unicef's report on the State of the World's Children 2005. |
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Story Source: Manitowoc Herald Times Reporte
This story has been posted in the following forums: : Headlines; COS - Somalia; Congress; Politics; Loans
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