More vote buying from Obama.
First he took over the student loan industry, so there's no free market competition. Very few people realize that the student loan takeover was part of the ObamaCare bill - because the "savings" from the loan takeover were needed to make the #'s work for ObamaCare.
Now that the Fed gvt has all student loans, Obama wants to create more bureaucracy, hire more gvt workers, and this will save students .... less than $10/month.
Yup. And it will cost the taxpayers a lot - because we're on the hook when these students default, and when the Obama admin changes the rules yet again to offer loan forgiveness even earlier.
Great article here: http://www.theatlantic.com/business/archive/2011/10/obamas-student-loan-...
More information about formatting options