Hi Frugalistas! So there’s a new twist to the health care bill: student loans! Yep, Democrats are trying to overhaul student loans by taking on some provisions to the never ending health care bills.
From the Wall Street Journal:
The student-loan provisions would end federal subsidies to banks that make college loans and shift lending responsibilities to the government, while also raising federal support for Pell Grants, which benefit lower-income students.
The student loan proposal is expected to save $65 billion over 10 years. Student loans can be a beast.
Would knowing that a student loan provision may be tacked onto the health care bill make you support health care more? Do you think the student loan business needs reforming?