March 9, 2007

Taxes would legalize gambling and use proceeds to fund higher education

Posted in Misc at 12:57 PM by Joe From Boston

This is one plan I haven’t heard before!

By KELLEY SHANNON, Associated Press Writer

AUSTIN (AP) — Texans would get to vote on whether to allow full-scale casino gambling in up to a dozen spots across the state under legislation proposed Thursday by two high-profile senators.

A major selling point, the legislators hope, is a part of the plan that would dedicate $1 billion per year to pay for eligible Texans to attend a community college or public university.

Sen. John Carona, a Dallas Republican, and Sen. Rodney Ellis, a Houston Democrat, are sponsoring the legislation. Both said they aren’t gamblers and don’t buy lottery tickets but that someone needs to stop the flow of gambling money leaving the state. They also said “destination resort casinos” will attract tourism money for other activities besides gambling.

Proponents of the measure say Texans already spend about $10 billion per year gambling — some of it in other states and some of it illegally in Texas.

“Texans are already voting with their feet,” Ellis said, referring to gamblers’ trips to other states.

The proposed constitutional amendment, if approved by Texas voters, would allow for 12 casino gambling sites, three on Indian reservations. It also would allow video slot machines at horse and dog race tracks.

Save .25% on Your Parent Plus Loans

Posted in Consolidation, Misc, Parent PLUS Loans, The Financial Aid Process at 11:18 AM by kpops

What most parents dont know is that the Interest Rate Cap for Federal Loan Consolidation is 8.25%. The Interest Rate Cap on Parent Plus Loans is 9%. For all of the parents out there that borrowed a Plus Loan after July 1st, 2007 at 8.5% can save .25% instantly just by consolidating your loans. In addition, you may be eligible for Consolidation Incentives. For instance, The Student Loan Network offers the following…

  • .25% Rate Reduction for ACH Payments
  • 1% Rate Reduction after 36 on-time payments

So, your already looking at a new rate which is 1.5% less than what you already have. Need more information? Contact a representative at The Student Loan Network for additional details at 877-328-1565 or apply online.

The Student Loan Network: Stafford Federal Student Loans, Parent PLUS Loans, Student Loan Consolidation, Private Student Loans