Senate Democratic leaders have decided to pair an overhaul of federal student lending with healthcare reform, according to a Democratic official familiar with negotiations.
“It’s going in,” said the Democratic source, in reference to the student lending measure.
But leaders may have to reverse themselves if they receive strong pushback from Democratic colleagues who represent states where lenders employ hundreds of constituents.
Jim Manley, a spokesman for Senate Majority Leader Harry Reid (D-Nev.), said no final decision has been made.
“We’re still looking at the options,” Manley said.
Answer by grlygrlz2 at 9:13 PM on Mar. 9, 2010
1) WHat does this have to do with Health Care?
2) The net loss to taxpayers isn’t limited to $10 billion. After inquiries from Senator Judd Gregg (R., N.H.) and Rep. John Kline (R., Minn.) last year, CBO explained that “savings” estimates are artificially high because of government accounting rules that undercount the risks of default when the government is originating the loans, while the new spending estimates are artificially low. This could be significant. Many colleges oppose the government plan specifically because the feds don’t make the same effort to prevent defaults that the private lenders do.
Answer by grlygrlz2 at 9:15 PM on Mar. 9, 2010
Answer by Anonymous at 9:25 PM on Mar. 9, 2010
Answer by yourspecialkid at 9:33 PM on Mar. 9, 2010
Answer by 29again at 10:30 PM on Mar. 9, 2010
Answer by mancosmomma at 11:30 PM on Mar. 9, 2010