"Students must now turn to Uncle Sam and the American taxpayer for their student loan"

[marmar]

I'm watching WGN News and that's how the the changes to the student loan program were reported. ............... Unbelievable. Shameless corporate media whores.

[demtenjeep]

1. better than that "bitch" Sallie Mae

horrid

[sendero]

2. The banks......

.... were totally abusing the student loan program. This is the first legislative effort from Obama that makes me happy.

We don't need the banks making usurious loans to students. And the fuckers that complain about this are just more corporatists assholes.

[surrealAmerican]

10. Not only will this be better for the students ...

... it will be better for the taxpayers! With the savings (yes savings) from making the loans directly, more students will be given grant money for their educations.

[lonestarnot]

3. I'd rather receive credit for educating youth as a taxpayer, than spend a nickle

more to a richie middleman and allow them to take any credit or any profit. So fuck the corporate media whores. Let 'em blow.

[rurallib]

6. ..... than spend another nickle on sending young folks to wars to

ensure resources for corporations

[lonestarnot]

15. Warrior or educated? Now there's a choice.

[Guy Whitey Corngood]

4. WAHAAAA??!! FEDERAL STUDENT LOANS FINANCED BY THE FEDERAL GOVERNMENT!!! THE HORROR. NT

[panader0]

5. Where can I find the details of the new loans?

My daughter is entering college (full scholorship, but not at the schools she wanted) and the twins are one year behind.

[Alcibiades]

8. They really are not new at all.

Direct Loans have been available forever. All this legislation does is to end the guarantee provided to the private lenders and shift loan originations over to the William D. Ford Direct Loan Program.

The place for you to get information would be your daughter's school's financial aid office. They deal with this all the time. I am assuming you have completed a FAFSA and any other documentation required by the school. Applying for a Direct Loan is a snap.

For more information on the Direct Loan program, go here:

http://www2.ed.gov/offices/OSFAP/DirectLoan/index.html

For what it's worth, as someone who has a Ph.D. and has taken out, consolidated and reconsolidated student loans, Direct Loans is and always has been the best when it comes to service. A big part of what is good about this is that students won't have to deal with private lenders, who all pretty much are awful at every aspect of student lending.

A final bit of advise would be that, if your daughter has a choice between a full ride somewhere versus a non-full ride at a school she likes better, she should take the full ride, especially if it means not having to take out loans. Assuming the school where she has a full scholarship is a good school, any difference in the "quality" of her educational experience will be more than made up for by not having to make loan payments later.

[notadmblnd]

7. Just like in the old days

How that for a piece of America back tea baggers?

[cbdo2007]

9. This is how the Repubes view all of their "ideas" for health care as well...

If the govt runs things like Medicare then they're socialist.

If the govt gives private companies billions of dollars to run things, it's not socialist, even though the private companies could never do it on their own without the govt giving them billions of dollars to do it.

Same with the student loans. It's just the govt giving them money to do it. That isn't private and that isn't capitalism. It's still socialism.

[spanone]

11. that's weird, my local news characterized it the exact same way....nbc affiliate

[Toucano]

12. I thought we liked Uncle Sam.

Now he's the boogy man?

Did he touch us inappropriately or something?


Maybe it's time to look to Columbia again.

[hatrack]

13. "Students must now pay LESS for their student loans - shocking news, Brad!"

These people are fucking without shame.

[SemiCharmedQuark]

14. Instead of turning to companies who then turned to uncle sam and the american taxpayer.