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Where Your Interest Payments Go

Why is this even debated? Of course it makes sense for the government to make subsidized loans directly and to cut out the middle man. But much like health care, it seems like the middle men are not too happy to lose their cut; so they're using your dollars to lobby Congress.

I can't help but wonder how college Republican groups will react. Maybe they'll hold a bake sale to highlight the inherent inequities faced by the economically disadvantaged.

Full post as published by Nuts & Boalts on April 13, 2009 (boomark / email).