
In the time since Congress passed, and President Barack Obama signed, the bill authorizing a sweeping federal takeover of health care, it has become clear that White House and congressional negotiators snuck in another federal takeover at the last minute. This takeover involved the massive student loan industry. Apart from the dubious merits of including this non-germane piece of education legislation in a health-care bill, the provision raises the specter of another aspect of the American economy coming under the control of federal bureaucrats. . . .
Dr. Richard Brake, cochair of ISI’s National Civic Literacy Board, explains why increasing student aid has done nothing to reduce the costs of college—or to improve the quality of education. . . . [
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