House Passes Sweeping Student-Loan-Market Overhaul

[halogamer1989]

nordlead said:

Rath said:
Sweet sweet big government =P

I never argued that Obama wasn't a big government man, I'm a fan of these sorts of policies. Maybe they could do what we do in NZ which is make student loans interest free while studying and then charge low interest until you can truly afford to pay it back. It makes cost less of an issue for people trying to get into university.

You can already get loans like this in the US. So long as you are in school you don't pay anything. When you get out, you pay the interest rate you agreed to.

This bill would lead to the govt being the only source of student loans.  That is my beef with it.