It may be time for you and your parents…relatives, friends, etc. to write your Congress people.
The Obama administration wants direct control of student lending which would make the private loan industry essentially defunct. Its proposal is to expand the Pell Grant into an entitlement program much like Medicare.There is bipartisan Congressional support, but private lending firms are lobbying strongly against such legislation.
It’s time now for college students and their families to weigh in against private lender influence.