Guess what guys. I just saw the following article on the proposed government takeover of the historically desirable way to take students loans. You gotta read it and let your officials know your thoughts.
Eliminating the Federal Family Education Loan Program: Hurting Students & Increasing the Size of the Government
September 10, 2009
By having the government take over all federal student loan originations, it would involve one of the largest expansions of a government program in recent memory. It would dismantle a system that has successfully served generations of Americans. Within a decade the Federal Direct Loan Program would be a trillion dollar operation, making it one of the biggest banks in the world. It would ultimately have responsibility for tens of millions of borrowers ... http://ow.ly/pteB
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You are right, it would upset a system that has benefitted generations - generations of lending "middle men." Under the current system, the federal government is the guarantor of all loans, anyhow. All this change will do is cut out the lending middle men, saving millions for student borrowers.
It's the same with health care - insurers only serve as a middle man, and they're the ones who get between patients and their doctors, not the government.
Neocons need to stop protecting industries that don't deserve protection.
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