Wednesday, November 10th - Session 1.08

The session today was based around the amendment process of the bill "Interest Free Student Loans," though it seems as if the title will soon no longer be appropriate. As I mentioned, the ammendments proposed to the bill seem to embody a new desire to simply lower interest on student loans rather than abolish interest altogether. The maximum amount of money available to be loaned for tuition was raised from $25,000 to $30,000, while other proposed amendments were shot down, such as the motion to create a cap on 5% interest as well as one that would place a 2% penalty for each drop of the grade point average of the borrower student. We are taking crucial steps towards passing our first bill thus far.