Student-Loan Overhaul Passes House Education and Labor Committee

Basically, the proposal becomes law, it will end subsidies to private student loan providers, saving money for students and taxpayers to the tune of $87 billion over 10 years.

The student loan providers are even less deserving than Goldman Sachs, so here is hoping that this becomes law, though getting it through the Senate may be difficult, as the 3^rd largest student loan provider is Nelnet, based in Lincoln, Nebraska, home of Senator Ben Nelson, who will almost certainly support a filibuster against the measure.