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Friday, March 26, 2010

Government Assumes Control of Student Loans

“Ending one of the fiercest lobbying fights in Washington, Congress voted Thursday to force commercial banks out of the federal student loan market, cutting off billions of dollars in profits in a sweeping restructuring of financial-aid programs and redirecting most of the money to new education initiatives.” (New York Times, Friday)

Wrong direction.

FEE Timely Classic
“Should Government Subsidize Higher Education?” by James L. Payne