Communism says that people who are successful are part of the "bourgeoisie" and they need to be eradicated to level the playing field for squatters and the poor.  Capitalism says that if you are succesful than you will make more money and live in a better house, drive better cars, and live better than the generation before you. 

The difference is initiative.  Lenin was a jobless bum afterall. 

An education should be available for everyone, not just those who can afford it.

How much does a year at University cost in the USA?

For awhile I have wondered if education in the United States seems so expensive because with how readily available student loans are schools don't have to charge reasonable tuitions. At the highest end of the tuition scale a person will pay about $35,000 for a year which works out to being around $60 per hour of education, and when you factor in the number of students in these classes the University is grossing well over $1000 (probably over $2000) per hour of lecture time they provide. Now these schools should be able to charge what they can get, but I highly doubt many schools would be able to get thousands of dollars per hour of education if it wasn't for low interest loans that are designed to be "easy" to pay back.

I'm not really getting the upside to this.

The government not wasting money to pay companies to give student loans.... ok.

Comapnies can't give people student loans... why?

What if you don't qualify for a student loan yet need one? 

Now you can't get one?

Yeah, according to Marx it strives to make people equal. Even if you do have a Communist society... there is a big problem. We are human. There's going to be competition, class, and "I'm better than you" regardless of what society we live in.

University can cost anywhere from a few thousand dollars to 24k with some of the more elite private schools easily pushing past 30k a year. The debt some people acrue can reach the 100k mark- (4 year bach degree + masters +doctorate). Schools are just so overpriced now that by the time some people graduate, they basically owe the amount of a house

That's why Marx original blueprint for communism included a brutal dictator that smashed and brainwashed any sense of indivudallity until people were forced to believe everyone was equal.  Then once they did the dictatorship was supposed to fade away with a "job well done." mentallity.

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.

Echoing what everyone else has said.

More control over the student's choice of how to pay for education. What happens if the government can't pay for the loan? The student can't get it?

What if the student wants a loan for a college that he has no interest in, and is in a horrible position to be anywhere close to paying it back once done?

I can only see this hurting the taxpayer.