Currently, students have the option to choose between private and public lenders, and I am a firm believer that such choice and competition among lenders is the best proven method for reducing costs and improving services. By omitting private lenders, we would create a monopoly within the federal government regarding student loans.
From a statement issued by moderate representative Paul Kanjorski (D-PA) after the House approved SAFRA. From Open Secrets, “Sallie Mae Finds Friends As Major Student Loan Bill Moves Through Congress, by Lindsay Renick Mayer.
Wednesday, September 23, 2009
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