direct student loans consolidation

The program was a direct student loans, student loans organizations that fought for the first time since revealed, the Clinton administration. Those lenders used a small army of lobbyists to influence Congress, reducing the government's student loans directly to students and go through this kind of loans, loan companies required.This has finally confirmed that the public costs are much lower than the education loans directly to students. The difference is significant, and this is part of the explanations of these two seemingly different measures were combined. This, as a way to pay the health bill, a savings of approximately U.S. $ 60000000000

And so at least the direct student loan program, no doubt about the dramatic increase in student loan providers and will certainly hire more lobbyists who try to be re-paid because they have already done. Meanwhile, a number of student loan borrowers to prevent the prisoners of the student loan business and do not end up being attacked. However, there are too much for the borrowers, who have been in financial difficulties, and who remains in the clutches of the student loan companies do not so huge fines and costs that they provide. An example of this is 41 years old doctor, who recently in the news. He borrowed $ 250,000 of funding for medical school and now owes $ 555,000 in student housing, debts, fines and interest, although a number of years. He is a high monthly repayments, but the responsibility to pay for seventy years. The direct credit law, unfortunately, a bit too late for him.