Another Step Taken Towards Student Loan Reform

by Leigh Graham · 2009-04-27 12:00:00 UTC
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It looks like the Senate will only require a simple majority to advance student loan reform, a positive development that moves us one step closer to putting more $$ directly in the hands of students and their families.  Courtesy of FDL:

Without a requirement for 60 votes in the Senate, it's likely the subsidies to voracious student lenders will be trimmed considerably, since there won't be any reason to accommodate the banks' defenders in the GOP -- and Bad Nelson. Most Democrats view the huge federal subsidies, alongside the 100% federal guarantee, as one of the most egregious examples of corporate welfare: banks skim federal money that if allocated to student loans directly would get lots more people educated and lifted out of poverty.

Stay tuned! I will.  I wrote about education and poverty three times this past week; clearly school affordability is on my mind!

(Photo of Canadian students protesting fees by Medmoiselle T)

Leigh Graham
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