Saturday, April 11, 2009

Sallie Mae Resists Obama's Student Loan Reforms

The Obama administration says it will save tens of billions of dollars by taking over the student loan industry. Lenders have resisted the proposal by saying students should have a choice between government loans and those provided by the private sector. But now, lenders are fighting back against that plan with a new argument — that it would kill jobs.

If student loans were forgiven and the government fully funded all levels of education from pre-K to PhD, there would be an even bigger boom to the economy because we wouldn't be expending so many economic resources on just paying for tuition and books.

No comments:

Post a Comment