WASHINGTON, D.C. | March 18, 2010 -
The Congressional Budget Office confirms today that congressional Democrats plan to divert $9 billion in college financial aid funding to help pay for a massively unpopular government takeover of health care.
This revelation is the latest in an unfolding story about the Democrats’ unrelenting push to expand the size and scope of government – taking control of how Americans get medical care and now how they pay for college. To help finance their health care ploy, Democrats are eliminating the long-standing public-private partnership known as the Federal Family Education Loan program and replacing it with a system of government-run Direct Lending.
The plot to eliminate choice and competition in student lending is not new, but the decision to divert resources to absorb a small portion of the nearly trillion dollar health care plan is – and it’s likely to come as a shock to the millions of college students who have been promised Pell grant funding increases and other financial aid spending that will now never materialize.
Earlier this week, key Republicans in the House and Senate held a press conference detailing the job-killing, choice-eliminating plan to drive the private sector out of student lending.
# # #