Tuesday, April 14, 2009

Student Loans & Greedy Banking Industry

The Washingon Post ran an article about Oboma’s move to cut the banking industry out of the student loan business. Personally, I think that this is a great move which will deliver more dollars to improving our country’s collective intellectual capital.

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The Student Loan Industry Pushes Back
Private Lenders Would Die Under Plan to Give Government Bigger Role, Some Say

By Amit R. Paley
Washington Post Staff Writer
Tuesday, April 14, 2009; Page A11

With the Obama administration proposing to overhaul the programs a majority of American students use to finance their college education, the student loan industry is fighting back.

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/13/AR2009041302771.html

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