Originally Posted By: Frank_Nitti
Originally Posted By: olivant
You also have posters who, based on their impressions of the bill rather than their actual knowledge of it, who post such emotion-laden opinions.



One section of this bill no one seems to be discussing anywhere is the provision that says government will be assuming and essentially 'taking control' of ALL college debt and student loans -- be it outstanding or new. I don't know if that will preclude the existence of the private institutions that account for a large of amount of college financing through pell grants and such, but that whole provision reeks of Socialism.


It eliminates fees that the federal government pays private lending institutions to provide education loans and loan repayment guarantees. If a bank wants to lend someone money for education they still can.


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