Romney plans to screw Students exposed
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Under the old system, the student-loan industry received billions in taxpayer subsidies to provide a service the government could perform for less. in 2010, Democrats removed the middleman, streamlined the process, saved taxpayers a ton of money, and helped more young people get college degrees. Congress passed a law in 2010 at Mr. Obama’s urging that eliminated government fees paid to private banks, an estimated savings of $68 billion over 10 years, which was channeled into Pell grants for the poorest students.
Wednesday, Mitt Romney unveiled a new education agenda which vows to bring the middlemen back. He called for restoring private lenders to the subsidized college loan market. A Romney administration will cut Pell Grants, make it harder to get student loans, and encourage students who struggle with tuition costs to “shop around” until they can find a college they can afford.
That wasn’t the only thing we learned about Romney’s education agenda yesterday. The Republican, in the midst of an extended harangue against teachers unions*, also endorsed school vouchers.
Is this really what AMERICA wants?
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