Letter to the Editor: Loans Good for Future
Posted: Sun Nov 04, 2007 3:56 pmin the DMN:
In the past 10 years, more than 12,000 Dallas-area students have attended college with $145 million in state-funded loans.
At SMU alone, 1,071 students have attended the University with $10.7 million in state loans.
Proposition 2 asks voters to approve a bond program to continue financing low-interest student loans, allowing more Texans to attend college. While the bonds are guaranteed by the financial strength of the state of Texas, the students who borrow the money – not taxpayers – will pay off the bonds through their loan repayments.
Proposition 2 asks voters to strengthen their own futures through the state's young people at no risk. That's what I call a smart investment.
Paul W. Ludden, provost and vice president for academic affairs, Southern Methodist University, Dallas
In the past 10 years, more than 12,000 Dallas-area students have attended college with $145 million in state-funded loans.
At SMU alone, 1,071 students have attended the University with $10.7 million in state loans.
Proposition 2 asks voters to approve a bond program to continue financing low-interest student loans, allowing more Texans to attend college. While the bonds are guaranteed by the financial strength of the state of Texas, the students who borrow the money – not taxpayers – will pay off the bonds through their loan repayments.
Proposition 2 asks voters to strengthen their own futures through the state's young people at no risk. That's what I call a smart investment.
Paul W. Ludden, provost and vice president for academic affairs, Southern Methodist University, Dallas