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Senate should support changes in student aid

Nashua, N.H., Telegraph - Editorial

March 10, 2010

The Student Aid and Fiscal Responsibility Act would change the way student loans are issued, eliminating banks as the middleman in the student loan process, and ending the Federal Family Education Loan program, which has provided subsidies and guarantees to private lenders that make student loans. Given the current hostility toward the banking system, it's hard to understand how defenders of the status quo can with a straight face characterize the legislation as a "government takeover of the student financial aid industry."

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