The federal government has the power to cutback the funding of student loans. There are several different ways the government can go about doing this. One way is to keep the amount of each loan the same and reduce the number of loans granted. Another option the government has is to reduce the amount of each loan and issue the same number as in the past. Either way, students that belong to a low-income family will be greatly affected. Cutbacks in the funding of student loans have several effects.
One effect is less fortunate individuals will miss the opportunity of attending college. However, it is not that the poor are unintelligent, but can not afford to attend college without a loan. There is no such rule, which states that rich people are smarter then poor people. This rumor may seem true because in the past there has been a higher success rate in wealthy students when compared to the less fortunate students. For example, a student wants to attend college but his parents monthly income is barely enough to cover the rent, bills, and food. He can work ...
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