a profit off of student loans. Democrats were delighted to stop rapacious lenders like SLMA from taking a pound of flesh from America's students. Speaker Pelosi was so proud of the bill that she even convened a photo-op intended to make it look like a presidential signing ceremony, and then instructed people to applaud (around 1:56). The only problem with slashing the rate of return on student loans? Lenders are now losing money hand over fist. Sallie Mae continues to write loans in the hopes that Congress fixes the mess it
Videos / College Cost Reduction Act
College Cost Reduction Act
Speaker Pelosi spoke this afternoon at an enrollment ceremony in the Capitol, in which she signed the College Cost Reduction and Access Act, the largest investment in college financial aid since the GI Bill in 1944. After the bill was enrolled, it was sent today to President Bush for his signature into law.
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Congress Destroys Student Loan Market
http://www.weeklystandard.com/weblogs/TWSFP/2008/04/congress... -
Congress Destroys Student Loan Market
http://www.weeklystandard.com/weblogs/TWSFP/2008/04/congress...a profit off of student loans. Democrats were delighted to stop rapacious lenders like SLMA from taking a pound of flesh from America's students. Speaker Pelosi was so proud of the bill that she even convened a photo-op intended to make it look like a presidential signing ceremony
