Submitted by Alex Hamilton (not verified) on July 23, 2008 - 1:55pm.
When, Mr. Burd, are you going to realize that there are inherent limitations on what a government bureaucracy will or can do? Promoting government benefits is not its cup of tea. It's funny that this web site and others typically fret when someone proposes to makes it easier or cheaper to get a student loan (take US PIRG's reaction to New York's proposal to create a student loan program). Won't this public service benefit encourage some students to take on more debt on their assumption that they'll be able to walk away from it in ten years? Let's have some fair and balanced fretting.
And you expected more???
When, Mr. Burd, are you going to realize that there are inherent limitations on what a government bureaucracy will or can do? Promoting government benefits is not its cup of tea. It's funny that this web site and others typically fret when someone proposes to makes it easier or cheaper to get a student loan (take US PIRG's reaction to New York's proposal to create a student loan program). Won't this public service benefit encourage some students to take on more debt on their assumption that they'll be able to walk away from it in ten years? Let's have some fair and balanced fretting.