"While health-care reform occupies the spotlight, the Obama administration is pushing for another Washington takeover -- this time of the student loan system," Sen. Lamar Alexander (R-TN) writes in the Washington Post. "Here is what they haven't told us: The Education Department will borrow money at 2.8 percent from the Treasury, lend it to you at 6.8 percent and spend the difference on new programs. So you'll work longer to pay off your student loan to help pay for someone else's education -- and to help your U.S. representative's reelection. And there are some other things the government should tell you: The estimated $87 billion in savings isn't real. According to a July 2009 letter from the Congressional Budget Office (CBO) to Sen. Judd Gregg (R-N.H.), the savings are closer to $47 billion including administrative costs, if we use the same 'scoring' (i.e., cost analysis) method that Congress required the CBO to use when it scored the Troubled Asset Relief Program last year because the method would more accurately calculate the cost to taxpayers."