Gene doesn't have his facts straight. The loan program that the Administartion wants to shut down has raised private capital to fund the loans, thereby helping keep down the national debt.
Gene also seems to think that the Direct Loan program operates on its own, by auto-pilot. No, private firms that are paid big bucks (that maybe "should go to students") run it for the government. It seems civil servants can't do it by themselves.
Posted on October 6 at 1:43 p.m.Suggest removal
Gene doesn't have his facts straight. The loan program that the Administartion wants to shut down has raised private capital to fund the loans, thereby helping keep down the national debt.
Gene also seems to think that the Direct Loan program operates on its own, by auto-pilot. No, private firms that are paid big bucks (that maybe "should go to students") run it for the government. It seems civil servants can't do it by themselves.
On