I am against the govt subsidizing education loans, but the fact is they do. In fact, 80% of student loans come directly from the USG. The banks keep the interest, yet the govt takes any losses.
Despite my ideological difference, this is a good change to the way things are done.
Yes, I know that some jobs will be lost, but if we are against increased federal debt then this is a positive way to reduce govt spending by billions each year.
On the face of it...maybe.
Although the devil is in the details...and this will be a total disaster.