A Precursor To "Public Plan"; No "Candy" For Student-Loan HUSTLERS!

[Mr. Shaman]

"The Democratic-led House approved a bill Thursday that would overhaul college lending and spend tens of billions of dollars on student grants, community colleges, school construction and early childhood education.

The bill would end a program that subsidizes private lenders that provide federally guaranteed student loans. The government itself would make all such federal loan$ as of July 1, effectively cutting out banks and other lenders as middlemen. That would be a major shift because direct government lending in the last academic year accounted for about a quarter of federal loan volume.

Republicans belittled the bill as a free-spending grab bag. "We can invest in students without crippling them with runaway entitlement spending," said Rep. Brett Guthrie (R-Ky.). He said the Republican alternative -- to keep the current lending system while studying reforms for a later date -- would avoid "a massive infliction of debt on future generations."

Yeah.....and, enhancing Republicans' short-term-profit$ on their lending-institution inve$tment$!!!!!!!!!!!!!!!

:kick:​