Student Lending Would Change Under Senate's Budget Plan
The U.S. Senate last night gave final approval to a budget blueprint that sets the stage for an overhaul of student lending. Full Story »
Posted by Derek Hawkins
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Education Reform, U.S. Senate, U.S. Congress, Money
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Posted by Derek Hawkins - Apr 30, 2009 - 9:44 PM PDT
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Derek Hawkins (review), Glenn LaBauve (review), Fabrice Florin (review)
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Derek Hawkins - Apr 30, 2009 - 9:44 PM PDT
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The article does little more than say a change is coming, it neither explains the two basic options or gives the virtues of either. It leaves open the bs that the comments(obviously placed by paid media writers) to give misleading and only partially true statements.
This is a case where privitizing a goverment service costs both the taxpayers and the recepient more than when the goverment provides the service itself.
Interesting report about President Obama's plans to change the bank-based lending system for student loans, which was just approved by the Senate. However, this article doesn't explain very well what these changes are, and how it would affect students. Only at the end do we get a hint that the president's proposal could 'end guaranteed lending and use the savings to make Pell Grants an entitlement.' Otherwise well-researched and fairly presented.
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