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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.

http://www.villagevoice.com/news/0514,kamenetz,62686,6.html

Leighsah
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