It should be no surprise that an organization like the New York Times, which is a consistent money loser these day, is in favor of a government take over of the student loan industry. A group of people who have shown no ability to run a successful business tend to hate success. But their reasons for doing so are not just nonsense, but total distortions | Read More »
When Obama takes to the podium for the State of the Union, one of the things he is allegedly going to push is a wholesale federal take over of the student loan industry. Already, his plans are causing a lot of students, particularly of private higher ed colleges and universities, problems with getting financing for education. Obama intends to shut out the usual third party | Read More »
If you want an indication of just how radical the Democrats in Congress have become, consider the vote on H.R. 3221. The legislation, which I wrote about yesterday, shuts down all private lenders for higher education student loans, requires that colleges and universities adhere to a new federal bureaucracy, creates a new Green Schools Czar, and hints that any school not complying will see its | Read More »
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