NAICU - Student Loan Chutzpah

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Student Loan Chutzpah

Wall Street Journal - Editorial

March 13, 2010

In a nearby letter ("Congress Is Right on Student Loans"), Republican Congressman Tom Petri writes that we have been "sold a bill of goods on student loans." Our sin is to oppose a government takeover of college financing, which will take a giant leap forward if Congress jams its pending student-loan changes on to the health-care reconciliation bill. In fact, Congress has been selling its own bill of goods since 1965, when it created student-loan subsidies, and both parents and taxpayers have found that there is nothing cost-effective about it.

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