As Cuts in Subsidies to Banks Eat Into Benefits for Students,
Schools Start to Migrate to Federal Direct Loan Program
Whoa. Student loans are SO out of control... The federal subsidies are gone. Thank you Attorney General Andrew M. Cuomo. In the interest of "cleaning up" the world of greedy private lenders, he killed them off. Now, the federal government will have to fill the void. More government control, more government spending.
This is a huge win for Senator Kennedy, Schummer, and others who want more government control of... just about everything. Yuck. Double yuck. This is extremely alarming.