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EDITORIAL: College-loan arithmetic

Source: washingtontimes Posted By: Eric 3519 days ago

President Obama is engineering a federal takeover of the college-loan industry. This new entitlement will cost taxpayers billions and never go away.

Mr. Obama's plan to fully nationalize an already government-dependent sector adds another expensive burden to the already overwhelmed federal budget. It is also likely to result in a loss of tens of thousands of jobs, limit loan options for students and substantially increase the deficit. It's up to Congress to resist this public-sector capture of....

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