Joining the growing chorus of newspapers in support of the Student Aid and Fiscal Responsibility Act, the Star-Tribune of Minneapolis-St. Paul wrote this morning that it is time to streamline student lending.
They said:
The Star-Tribune is another important voice in support of the Student Aid and Fiscal Responsibility Act. Be sure to read other editorials and articles that explain the benefits to students and taxpayers through federal student loan reform.
They said:
The historic legislation, championed by President Obama and approved by the U.S. House earlier this month, is a rare and welcome chance for Congress to actually streamline government instead of just talking about it. If approved by the Senate, the Student Loan and Fiscal Responsibility Act could save taxpayers $47 billion to $87 billion over the next 10 years by eliminating the middleman role private lenders play in federal education loans.
Families who now get their Stafford or parental PLUS loans through banks or credit unions or nonprofits such as Sallie Mae would instead borrow directly from the federal government, working through school financial aid offices just as they do now.
The Star-Tribune is another important voice in support of the Student Aid and Fiscal Responsibility Act. Be sure to read other editorials and articles that explain the benefits to students and taxpayers through federal student loan reform.
