Saturday, November 6, 2010

Does Tom Marino Hate College Students?

Marino talks about his mission to repeal HCR in the Daily-Item, but this little diddy caught my eye:

Marino said there was an earmark in the bill that addressed federal student loans.

"What," he asked, "does that have to do with health care?"

Although attached to HCR, it cuts out the middleman(banks and fees) in the student loan process.  The CBO estimates that  61 billion would be saved over 10 years with 36 billion going back into Pell Grants (students). The other monies would to reducing the deficit and other Democratic educational priorities.

It was a nice gravy train for lending institutions who made the profit without assuming the risk.

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