[ALUmnus]

It's been slow in this section, so I'll make this one Liberty-related.

So congress is trying to pass new legislation (HR 3221) outlawing private-sector student loans, making federal loans a students only option outside of grants and scholarships for financial aid.
http://www.redstate.com/erick/2009/09/1 ... -czar-too/
http://www.rules.house.gov/111/LegText/ ... 21_txt.pdf

Anyone here work for the financial aid office or know a lot about LU's financial aid workings that could tell us what kind of impact this would have on LU?

The legislation is opposed by many major universities including Notre Dame, among others. Basically, the bill would shut down all private providers of student loans, drive up costs for universities, and become a bureaucratic nightmare for institutions of higher learning. The professors may be leftists, but the administrators have to pay attention to the bottom line.

The Director of Student Financial Strategies at University of Notre Dame warns in a letter to Congressman Miller, “Any legislation that eliminates choice and competition and mandates that all institutions adopt an all-government run program for the 2010/11 academic year is filled with immense risk and would create massive confusion.”

Get that? The Democrats want an “all-government run program” to provide people access to money to pay for college. And if they do that, then they can force universities to comply with lots of new rules or deny students the right to use federal student loans to go to particular colleges.

But it gets better. Boy does it ever get better.

§ 343 of the plan creates a Green Schools Czar. No kidding. A Green Schools Czar (and committee naturally) would examine the impact of more environmentally friendly universities and find ways to create even more environmentally friendly universities. Oh . . . I have an idea . . . if students need financial assistance and they are forced to go through the feds, the feds can simply tell universities to become compliant or they won’t let students use their student loans to go there.

What is so funny is that §312 of Obama’s stimulus plan also sent money to schools to become more environmentally friendly. That was the carrot. Well, this new law will become the stick.

[flamesbball84]

no private providers of student loans? sounds like complete idiocy to me.