Thursday, June 08, 2006

The "Plight" of Student Lenders

Solid op-ed by an Arizona congressman on the state of the student loan industry.

The Republican Congress keeps giving big favors to the big-pocket student loan lenders while students and families feel the brunt of their greed.
Congress must restore the real value of federal aid by cutting the student loan interest rate in half and moving towards a Direct Loan system. Only then can we begin to help students overcome debt burden and realize their dreams of going to college. The very competitiveness and strength of our country depends on it.

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