Post Tagged with: "Federal Family Education Loan"

January 20, 2010 13:11

Obama to Nationalize Student Lending with Pending Budget Bill

Is this Venezuela?
According to the Department of Education, 14.3 million of the 17.5 million student loans were federally subsidized for the 2009-2010 fiscal year. Under Obama’s plan, the government would consume the entirety of this industry – a total of $103 billion in 2009-2010.