27 February 2009

Good News on Student Loans

We have some change we can believe in, Obama is calling for an end to federal subsidies to private student loan providers.

Seeing as how the private system has resulted in:
  • Higher costs to borrowers.
  • Higher costs to the federal government.
  • Corruption in the financial aid departments of universities.
It makes a lot of sense to stop subsidizing providers of an inferior service.

Obama would use the money saved for Pell Grants.

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