This is terrible policy. These lenders still have tremendous power over debtors who had been part of the FFEL program. This can't happen again. This is one of many reasons why Mitt Romney cannot win the election.
A man who urges people to "shop around" for colleges doesn't have a clue about the student loan debt crisis. His policy advisors are dreadful too. One of them - Bill Hansen - worked in the Department of Education while George W. Bush was President. The Department has enough of these types still there, but bringing back more of them would be devastating to borrowers and their families.
Clearly, Romney is an adamant believer in the Vidalian concept of "free enterprise for the poor and socialism for the rich."
|"More indentured educated Americans? That's what I want!"|