Home > News > ObamaCare Doesn’t Take Over Enough, So Dems Plan On Adding Student Loan Takeover To The Bill Too.

ObamaCare Doesn’t Take Over Enough, So Dems Plan On Adding Student Loan Takeover To The Bill Too.

ObamaCareSymbol Can we just start recalling everyone who plans to vote YES on this fiasco?

Can this be for real? The Democrats are folding student-loan reform into the health bill so it can be enacted without 60 votes in the Senate.

I’ve written about this here. There’s been a lot of talk about student-loans since the current Administration came to power. The two key features that reportedly will make it into the healthcare legislation are:

1) Putting an end to the subsidized private student loan industry. Citibank, Sallie Mae and hundreds of others will be out of this business (except possibly as servicers rather than finance providers). From now on, the money will go directly from the Federal government to schools.

Senator Tom Harkin says this step is long overdue to stop wasting the taxpayers’s money. I say that if the government really wants to be a bank, they should first prove how they’re going to be any better at it than real banks are.

2) Sharply increasing the maximum amounts of Pell grants for low-income students, and automatically indexing the maximums for inflation every year. Some eight million Pell grants are awarded each year. Economists have been saying since I was in college that federal supports for higher education are the reason that, as with healthcare, the costs have been rising at far more than the general rate of inflation for decades now. We’re going to be kicking those cost increases into a higher gear now.

Student-Loan Reboot to be Folded into Healthcare Reform | RedState

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: