Friday, March 12, 2010

Susan Neuman on why Republicans should support student loan reform

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Susan Neuman discusses the reasons she believes Republicans should support student loan reform in the March 12, 2010, issue of Roll Call. Neuman's main point is that the bill meets long-standing Republican principles.

She writes: "The legislation deserves GOP backing first and foremost because it eliminates government waste and saves billions — this is the bedrock of everything the party stands for. This bill will have the Education Department originate all new federal student loans instead of going through banks. The choice is simple — do we help Citibank make millions of dollars in profit from zero-risk student loans or find other ways to use the up to $87 billion in savings?" Susan Neuman is a professor of education.

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