Lamar Alexander Discusses a Washington Takeover of Student Loans

[ImzadiHollis]

pcahan, please explain what you mean. I'm confused. You're saying that the government already backs the loans, ok. So what's embarassing to you? except the part about "I think they will be" doesn't sound very positive.

[pcahan]

Yet again, I am embarrassed to have this man represent my state. It is a shame he chooses to so misrepresent the facts. The government already backs these loans. All we have now is a federally subsidized bank loan program. The new method will remove the layer of subsidizing banks and will go to directly support students. And since when has a student sat down with one of these "nice 2000 lenders?" It is the financial aid department of the school who provides help for the federally funded loans.