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Obama Wants Student Loan Reforms - Guess Who Objects?

Category: John Kline
Posted: 08/22/13 15:33, Edited: 08/22/13 15:33

by Dave Mindeman

President Obama is still concerned about student loans....

Under the plan he'd like to see Congress approve, "colleges that keep their tuition down and are providing high-quality education are the ones that are going to see their taxpayer funding go up. It is time to stop subsidizing schools that are not producing good results and reward schools that deliver for American students and our future."

Colleges would be rated on value to the students investment.

Guess who doesn't like this idea?

Rep. John Kline (R-Minn.), chairman of the House Committee on Education and the Workforce, said he was "concerned" by the president's proposals, which "could curtail the very innovation we hope to encourage -- and even lead to federal price controls." Still, he said, he looks forward to examining the details of the administration's plans as lawmakers look for ways to rein in college costs.

Now why would John Kline be so "concerned"? Well, it could very well be that his "for-profit" college buddies are going to be rated pretty low on that value scale. In fact, it will hurt them in the worst place possible - profits.

And since Kline is in the for-profit college back pocket, the Congressman will fight Obama on this program....because Kline always sides with the "for-profits" and NOT with students.

Kline's buddies don't want curbs on how student loans work. They have made billions (at taxpayer expense) targeting low income students to go to their colleges and saddle students with enormous debt.

Kline doesn't want to curtail that "innovation". Innovative ways to fleece the student loan program.

comments (2) permalink
08/23/13 00:51

Chairman Kline only has himself to blame. This should have been included in the reform of The Higher Education Act which will expire this year but he has wasted time with silly hearings on Flex-Time.

The goal should be an informed buyer ... as part of the Affordable Care Act, A statewide survey released August 14th gives Minnesota consumers a new tool for shopping for health care by showing them how patients view their providers ... people are now finding out how much various procedures cost.
A "Consumer Reports"-concept was promoted by Mitt Romney during the 2012 campaign ... President Obama is doing the same thing for public, private and for-profit schools.

I hope that Senator Franken quickly issues a statement on this proposal.
08/22/13 19:58
What will Kline and his buddies do when they run out of people to rip off?


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