I read the latest update on the HCR talks. Based on the president’s latest push and congressional responses, I’m now in the cautiously optimistic category that HCR will pass but that’s not the only news that caught my eye. It seems that Dem leadership is trying to put a major part of Student Loan reform in the reconciliation package as well.
Click here to read the whole update on HCR talks.
Pelosi and other House Democrats want to include Obama’s proposed overhaul of the nation’s student loan programs in the second, fix-it health care bill. The measure would require the Education Department to originate all student assistance loans, effectively eliminating a role for banks and private lenders.
That idea has run into opposition from several Senate Democrats, and while officials said the controversy was debated at length in a closed-door meeting Tuesday night, no decision was made.
Like usual the conservadems are trying to block progress and I know loans would be underwritten by private banks but this move would reverse some of the changes Republicans made to the Student Loan system in the past couple of decades.