Lowering College Interest Rates

This article represents Proposition 2 which will lower the interest rates on student loans. Sen. Judith Zaffirini argues to support the bill and as chairwoman of the Senate Higher Education Subcommittee is a credited party. The bill is quite simple and she does state reasons for supporting the bill and reasons for not vetoing the bill. She gives us the date on which to vote, November 6th and has a very strong argument.

She begins her core argument by addressing the current resolution of using bonds to fund the lower interest tuition loans, and how this has positively affects a large number of students. She provides us statistical data to support this when she states “In the last 10 years alone, more than 58,000 Texans cumulatively received about $659 million in low-interest loans to help pay for college expenses.” She then explains that the funds may run out by 2009 and gives us a source, the “Coordinating Board”. She does lean a lot of her argument to educating our future and stresses that education is important which is opinionated and does not have supporting evidence, but nonetheless applies to her article. Her last statement expresses an important factor that may be weighed when considering voting on an economical issue. Will it affect our taxes? The answer is no which is seen when she states “Prop. 2 will have no impact on our local property taxes, sales taxes or other taxes collected by the state.” In conclusion, her article does seem very convincing and supportive.

Link to article described above:
http://www.statesman.com/opinion/content/editorial/stories/10/04/04/1005zaffirini_edit.html