Bush (finally) signs student aid bill

[Rudey]

Originally Posted by AlethiaSi

I don't see why either. It is the only way I got through school, and hopefully through graduate school... I don't see why higher education for more people is a bad thing, why would someone vote against that?
I don't know much about the bill specifics, hopefully this really does benefit students.

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

[Kevin]

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

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.