Friday, February 5, 2010

Student Loan Reform

Student loan reform is in trouble -- with big corporations buying votes. From today's New York Times:

Four months ago, it appeared all but certain that the White House and Democrats in Congress would succeed in overhauling the student loan business and ending government subsidies to private lenders. . . .

But an aggressive lobbying campaign by the nation’s biggest student lenders has now put one of the White House’s signature plans in peril, with lenders using sit-downs with lawmakers, town-hall-style meetings and petition drives to plead their case and stay in business.

Eric Lichtblau, "Lobbying Imperils Overhaul of Student Loans," New York Times, 5 February 2010.

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