Ending one of the fiercest lobbying fights in Washington, Congress voted Thursday to force commercial banks out of the federal student loan market, cutting off billions of dollars in profits in a sweeping restructuring of financial-aid programs and redirecting most of the money to new education initiatives.This is just a good, common sense thing. All sorts of folks agree. Now, can they throw in a little student loan forgiveness? That's probably asking too much.
The revamping of student-loan programs was included in — if overshadowed by — the final health care package. The vote was 56 to 43 in the Senate and 220 to 207 in the House, with Republicans unanimously opposed in both chambers.
Friday, March 26, 2010
Two for the Price of One
Like Steve Benen at Washington Monthly, I think this is worth noting: