Quote:
Originally Posted by Rudey
Read the objections. The way it works is that the government essentially subsidizes private companies to issue loans. Some may call this corruption. Some label it as a way to keep the government from getting bloated. I'd err with the first since Bush doesn't give a crap about big government.
-Rudey
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I can agree with that. The government pays a much lower rate on the money it borrows. I don't see why the government can't be in the business of loaning money to students.
I guess that's what banks get for supporting our Republican form of government.