And By The Way, Student Aid Reform

No more banks sipping profits without risk from the federal student loan system, and, as a result of the savings, more money for Pell Grants.


Change we can believe in.

Note that the Republicans were screaming about another "government takeover." Yeah, a government takeover of the FEDERAL student loan program which the government was funding -- providing the cash and guaranteeing 97 percent of any bank losses (if a student defaulted on their loan). The only private sector role was to push pencils and take the free government cash.

Put another way -- FEDERAL means GOVERNMENT.