Thursday, October 1, 2009

Congress to make important decision


Give us a Break
In the article I read in the Statesman a recent Stanford law graduate by the name of Molly Claflin argues that loans student loans should go directly through the government. If congress knows what's best for the future of America they will not think twice about making the decision to cut out the middle man in regards to student loans. As of now a majority of college students rely on loans provided by big for-profit lenders many of which have rediculous interest rates. The money provided by interest rates are going to the pockets of the already wealthy executives. Now I dont know about you but I'd rather have my money going back into the community than to some old guy who can't even get a hard on. What is being proposed is that rather than going through a loan with a bank or other companies the government puts it in the hands of a program that already exists through the government. This will take the subsidies to private lenders and their profit margins and make more money available for students. More can be read at https://acconline.austincc.edu/webapps/portal/frameset.jsp?tab_id=_2_1&url=%2fwebapps%2fblackboard%2fexecute%2flauncher%3ftype%3dCourse%26id%3d_21151_1%26url%3d.

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