Scheme to Nationalize Student-loan Industry | Print | E-mail
Written by William P. Hoar
Monday, 15 February 2010 16:00
Item: Following the State of the Union address, Bloomberg News reported on January 28 that President Obama “urged the U.S. Senate to join the House in overhauling the federal student-loan system, saying such a move would end ‘unwarranted taxpayer subsidies’ to banks…. Obama said the cost of the higher-education initiatives would be offset by money saved from his plan to provide all new federal loans directly to students, instead of through private lenders.â€