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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (28416)3/30/2010 11:17:08 AM
From: DuckTapeSunroof  Read Replies (4) | Respond to of 103300
 
No, it won't.

(Private companies are contracted to service all of the loans.)

"[A]ll new federal student loans will be direct loans, delivered and collected by private companies under performance-based contracts with the Department of Education. According to the non-partisan Congressional Budget Office, ending these wasteful subsidies will free up nearly $68 billion for college affordability and deficit reduction over the next 11 years."