24 April 2009

Elections Have Consequences, Part IV

Obama has stated his intention to shut down federal subsidies to private student loan lenders and go exclusively with direct federal loans.

It should save $5 billion a year for the taxpayers and lower interest rates for students, so everyone wins....Except, of course for the private lenders, who are basically parasites anyway, so it doesn't bother me.

I believe taht he can do most of this through executive order, which is a good thing.


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