Day By Day

Thursday, April 01, 2010

The Federal Takeover Of Student Loans

Has anyone else noticed that this is a de facto takeover of public and private colleges?

Colleges nowadays can't get by if their students don't get student loans.  Now that the Federal Government is the only source for said loans, what happens if the administrators of the program choose not to make loans available for students to attend schools the administrators don't like?  Schools like, say, Hillsdale CollegeOral Roberts UniversityLiberty UniversityBob Jones University?  Any Christian seminary?  Yeshiva College?

The current Administration now has higher education by the balls, no?


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