Parents and college students: How do you feel about having the Federal government become the sole provider and proprietor of your college loans? I'm thinking about the resounding successes of Cash for Clunkers, the stimulus packages, and pending health care plans. Not that I have doubts about Big Government's ability to handle things smoothly and to the benefit of all concerned.
The alleged good new, I suppose, is that private lenders, banks mostly, will be driven out of the college loan business. Hmm. Let's see. This wouldn't be an affront to free enterprise, would it? Anyway, here's the story: