Submitted by Alex Hamilton (not verified) on October 4, 2008 - 12:51pm.
Dear anonymous,
The issue isn't entirely about whether the American people are entitled to consumer choice. [Your argument is borrowers should be told where to borrow because consumer choice is a luxury that taxpayers and soldiers shouldn't have to pay for. That line of reasoning could be applied to choice of doctors in Medicare. That program would be a helluva lot cheaper if seniors went to the VA for all their care. Federal housing programs would be cheaper if low-income and middle-income families were forced to live in government-built housing. But of course you probably support those ideas.]
As important is which program does a better job in serving students and schools.
Why is it that Direct Loan advocates would rather talk about green- eyeshade issues like credit reform than program performance?
Cheap is overrated
Dear anonymous,
The issue isn't entirely about whether the American people are entitled to consumer choice. [Your argument is borrowers should be told where to borrow because consumer choice is a luxury that taxpayers and soldiers shouldn't have to pay for. That line of reasoning could be applied to choice of doctors in Medicare. That program would be a helluva lot cheaper if seniors went to the VA for all their care. Federal housing programs would be cheaper if low-income and middle-income families were forced to live in government-built housing. But of course you probably support those ideas.]
As important is which program does a better job in serving students and schools.
Why is it that Direct Loan advocates would rather talk about green- eyeshade issues like credit reform than program performance?