Posted March 30, 2010 03:07 pm

The Federal Student Loan Program

In the mele of passing the health care bill and the health care bill redux one might be forgiven for missing entirely the debate, or lack of debate, of nationalized student loans.

Well, the Government took over.  Loans will now be made directly from the government to the student.  This nationalized, or socialized if you wish, program cuts out the banks that have been administering the program under federal loan guarantee for years.

So, the same government that can't control our borders or control medicare fraud is going to run the student loan program. 

And we did this - - - why?