Summary
It's interesting how these major banks-bailed out to the tune of over $700 billion in 2009-are now, in effect bailing out on the nation's students. Cutting out these middle man, which the banks are, does not hurt students at all. In fact, getting the money directly will reduce the amount of interest students pay over the life of the loan. Students, and the nation, will benefit as educational programs are expanded, using the savings such a change will bring. This is about money, plain and simple: lenders want to make sure this revenue stream stays alive.
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Change Student Loans
Last fall, the Obama administration, with support of House Democrats, revealed a plan that would overhaul the way studen...
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