This morning's Boston Globe editorial calls for ending taxpayer subsidy to banks who make no-risk federal student loans that are insured by the government. After going through the many new benefits under the Student Aid and Fiscal Responsibility Act of 2009, the Globe says this:
UPDATE: We also suggest you read the Washington Post article about Lifelines in the Student Loan Sea.
This taxpayer money is urgently needed to provide aid to students for whom a four-year college is out of reach. Earlier this week, Obama proposed to infuse $12 billion into community colleges. Another block of savings will give extra funding for Pell Grants and link them with cost-of-living increases.We encourage you to read the entire editorial, as well as learn more about the Student Aid and Fiscal Responsibility Act of 2009.
In this economic climate, Congress must fix the broken system that unnecessarily takes money from taxpayers and students. Educational investments should go straight to students.
UPDATE: We also suggest you read the Washington Post article about Lifelines in the Student Loan Sea.
