Student Loans: Does Public Money Need Private Administration?

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The scenario is all too familiar: increased demand and rising costs; diminishing revenues during a major recession. It's not healthcare, it's higher education. Yet -- almost without notice -- the two were packaged together in the reconciliation bill passed by the House on Sunday. The biggest student-loan change in 45 years would eliminate private middlemen in favor of government lending directly to struggling students. Some, but not all, of $61 billion in savings would go to Pell Grants for the neediest. Not one Republican voted for it. We hear the pros and cons.

Credits

Guests:
Seth Stern - Legal Analyst, CQ Politics, Lauren Asher - President, Institute for College Access and Success, Brett Lief - President, National Council of Higher Education Loan Programs, Jason Delisle - New America Foundation - @delislealleges, Anna Griswold - Executive Director of Student Aid, Penn State University

Host:
Warren Olney

Producers:
Darrell Satzman, Andrea Brody