Academic

NOT-SO-HIDDEN DANGERS? Federal direct student lending. UPDATE: More here: * The measure ?

By Glenn Reynolds

NOT-SO-HIDDEN DANGERS? Federal direct student lending.

UPDATE: More here:

* The measure will fall well short of the Obama administration’s original proposal to transform the student aid programs, giving President Obama and Education Secretary Arne Duncan few of the policy changes and accountability tools they’d hoped for.
* Pell Grants would remain the legislation’s top priority, although because of the program’s rapidly escalating costs, the value of the maximum grant would rise less than originally planned.
* Community colleges will get little or none of nearly $10 billion they’d been slated to receive.
* Historically black, Hispanic and other colleges could benefit because Democratic leaders are afraid of angering small but powerful blocs of minority members of Congress.
* Some of the savings from the loan overhaul may be used to help pay for health care reform.

Good news for students: You voted for Obama, and now he’s taking your student aid to pay for ObamaCare for old people!

Full post as published by Instapundit.com on March 15, 2010 (boomark / email).