Congress does something right – kicks banks out of student loan guarantees

The federal student loan policy over the last twenty years has been an exceptional case of failure.  Despite costing the government tons of money, they somehow managed to “privatize” the profits of these debts.

So while we see a downturn in students becoming doctors, we have to wonder if that has something to do with the fact that medical students end up with $200,000 in student loan debt before they’re licensed to practice medicine.

Maybe kids heading to college can save a few bucks on interest rates, and maybe the tax payers of America can even save a few bucks by cutting out an unnecessary middle-man.

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