Student-loan overhaul key to Obama's goals
President Obama's health-care goals may be garnering attention, but his higher-education proposals are no less ambitious.
At stake is a plan to expand the Pell Grant Program, making it an entitlement akin to Medicare and Social Security. Key to the effort is a consolidation of student lending that would give the U.S. Department of Education a near monopoly over the practice — a proposal that has mobilized the private loan industry, which lent $55.3 billion to 6.4 million students in the 2007-08 school year. Full Story »
Posted by Dwight Rousu
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