Skip to main content
No. of Recommendations: 6
The Village Voice did a story on the student loan debacle we all are quite familar with.

Well, over 10 years later, the numbers are in. According to President Bush's latest education budget, loans made through FFEL in 2004 cost the federal government $12.09 on every $100. Direct loans cost just 84 cents. The STAR Act, sponsored by Democrat George Miller and Republican Tom Petri in the House and Democrat Ted Kennedy in the Senate, proposes making some of the savings available to colleges who choose direct loans, with the stipulation that the schools pass it on in the form of Pell Grants to lower-income students.,kamenetz,62686,6.html

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.