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“Legislation hailed by supporters as the most significant change to college student lending in a generation passed the House on Sunday night,” reports the Washington Post. “The student aid initiative, which House Democrats attached to their final amendments to the health-care bill, would overhaul the student loan industry, eliminating a $60 billion program that supports private student loans with federal subsidies and replacing it with government lending to students. The House amendments will now go to the Senate.”
This marks a huge failure for Congressmen John Boehner and Eric Cantor, whose campaign committees and leadership PACs have received piles of dough from for-profit student loan companies hoping to kill this bill.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Percentage change since 1990 in serious golf-cart-related injuries:
Lara McKenzie, The Research Institute at Nationwide Children's Hospital (Columbus, Ohio)
Vegetarians are more intelligent than normal people.
A leopard gained access to a private school in India.
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“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”