40 Years In The Deserr
The Further Adventures of Matthew Saroff,
Itinerant Engineer
Thursday, February 26, 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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