Friday, October 2, 2009

Student Loan Bill

The New York Times wrote an article about student loans. The House will vote on a bill; Student Aid and Fiscal Responsibility Act, H.R. 3221. It will end subsidies that banks and private lenders receive for student loans that are guaranteed by the federal government. The house will vote to simplify the system which would save billions of dollars in the next few years.

The article is aimed for the American taxpayer and citizens who get student loans. This bill the House will vote on will save taxpayer money and it will stop the banks and lenders from getting unnecessary subsidies.

The NY Times one of the most well respected newspapers in the country and it has nothing to gain by reporting their opinion on the passage of this bill. The argument is saving billions of dollars to federal government. It’s fiscally responsible to pass the bill.

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