Submitted by Patrick Bott on July 2, 2009 - 7:41pm.
Well, well, well, looks like the scholars at the NAF are frustrated again that their utopian dreams for the Direct Loan Program aren't being realized. Therefore, they bless us with another incongruous posting! The old economic axioms of you get what you pay for and money doesn't grow on trees mean nothing to the scholars at the NAF! Tell us NAF, how will the Direct Loan Program maintain its highly-touted administrative-cost advantage versus FFELP if it has to start paying for things like advertising and tracking the public-forgiveness program? (Thanks to your intrepid reporting, we all know that the Direct Loan Program is a well-oiled, no-frills, highly-efficient machine--superior in every way to poor FFELP!) Sounds like a case of you can't have your cake and eat it too if you ask me! Kinda like making college more "affordable" by shifting the burden of tuition-inflated student-loan debt to the taxpayer through income-based repayment and forgiveness schemes! Marvelous solutions these are until the US treasury is empty and our economy in ruins due to such runaway spending!
How about those public-service jobs anyway? You know, I was just reading an article today that highlighted the fact that many of those public-service jobs pay more than their counterparts in the private sector. Strange that we need to take taxpayer dollars and send them to people making more than many in the private sector. Could it be that the public-service forgiveness program is just another sop from Congress to an ideologically sympathetic and organized voting bloc? No way--not our Congress! Thanks for another laugh NAF! Nobody does it better!
Well, well, well, looks
Well, well, well, looks like the scholars at the NAF are frustrated again that their utopian dreams for the Direct Loan Program aren't being realized. Therefore, they bless us with another incongruous posting! The old economic axioms of you get what you pay for and money doesn't grow on trees mean nothing to the scholars at the NAF! Tell us NAF, how will the Direct Loan Program maintain its highly-touted administrative-cost advantage versus FFELP if it has to start paying for things like advertising and tracking the public-forgiveness program? (Thanks to your intrepid reporting, we all know that the Direct Loan Program is a well-oiled, no-frills, highly-efficient machine--superior in every way to poor FFELP!) Sounds like a case of you can't have your cake and eat it too if you ask me! Kinda like making college more "affordable" by shifting the burden of tuition-inflated student-loan debt to the taxpayer through income-based repayment and forgiveness schemes! Marvelous solutions these are until the US treasury is empty and our economy in ruins due to such runaway spending!
How about those public-service jobs anyway? You know, I was just reading an article today that highlighted the fact that many of those public-service jobs pay more than their counterparts in the private sector. Strange that we need to take taxpayer dollars and send them to people making more than many in the private sector. Could it be that the public-service forgiveness program is just another sop from Congress to an ideologically sympathetic and organized voting bloc? No way--not our Congress! Thanks for another laugh NAF! Nobody does it better!