The healthcare reform sidecar was signed by the president today, and, along with it, very smart student loan reform.
“For a long time, our student loan system has worked for banks and financial institutions,” President Obama said. “Today, we’re finally making our student loan system work for students and all of our families.”
“This legislation is a win for students and parents struggling to make ends meet to fulfill the dream of a college education,” Education Secretary Arne Duncan said. “By ending subsidies to banks, we can make important investments that increase affordability and access to our nation’s universities and community colleges.”
Quoting Jed Bartlet: "What's next?"
Filling in lots of loopholes and -- hey! -- how about a public option?