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Financial Aid in the News

Opinion: Our Take On Student Loans & Lehman Brothers (Orlando Sentinel)

"In the bizarro world of Washington, D.C., conservatives decry government handouts one day (bank/auto bailouts) and the next day gnash their teeth over the possible end of another handout (student loan subsidies)," Orlando Sentinel reports. "Make no mistake, the student loan program is a sweet deal for banks. They get their capital from the federal government, which also gives them a subsidy to make the loans and then guarantees the loans ... Private lenders are squawking, but they have a problem if their business model relies on billions each year in public subsidies. The Senate should now pass this bill and do its part to end this form of corporate welfare."

You can read the complete Sept. 19, 2009 Orlando Sentinel article on-line.

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