And you can bet that if it ain’t in there to begin with, the czar will make sure that no one who wants to attend a conservative college will get a federal loan, oh no, federal money will only be provided to students who go to federally approved “green” colleges, and you can bet that no conservative college would ever hold that title.

Either way, I still do not believe the Federal Government should be subsidizing any college loans. The State should be doing this, of course thats a different discussion.

This is actually one campaign promise Obama is keeping. I’m not surprised it’s poorly received on this board…after all, Obama proposed it. I don’t even know why I’m bothering to explain the point.

This is beyond sick.

Brother. I better start packing, too.

555 to $pecialist!!!!!!!!

Basically, the bill would shut down all private providers of student loans, drive up costs for universities, and become a bureaucratic nightmare for institutions of higher learning.

I will accept your analysis that the bill eliminates private banks from the existing federal student loan/grant programs, but that would appear to be just a change in adminstration of existing programs rather than a fundamental alteration in the programs themselves.

And I would accept that the consequence laid out in the second and third parts of this sentence are quite plausible because those are the consequences of almost every government program, especially those that are too rapidly rushed to implementation.

It’s the first part that I don’t understand as a consequence of the new legislation.

In particular, the new law would seem to leave intact state student loan/grant programs (which could choose to allow private agencies to adminster these programs) and also leave alone unsubsidized private loans to students (or to their families).

Yes, the federal subsidized student loan/grant programs are being taken entirely from the private sector – but I don’t see how this become a shutdown of all private actors from issuing loans to students (or their families)

Or is there a poison pill slipped there that I haven’t seen because of the obfuscatory language.

There are quite a few scary things about this bill in terms of the new programs that it initiates that futher expands the instrusion of the federal government into higher education in areas such as facilities construction and further leaves schools more vulnerable to government mandates because of the federal government’s increased financial leverage. Also scary are the measures that also open the door to more federal intrusion into K-12 education.

I’m referring In particular to Sections 102 College Access and Completion Innovation Fund as well as changes to Title III -V that I don’t understand but are hidden therein, according to other reports.

These are quite sufficient grounds to block passage of this bill without substantial changes.

However, I don’t see how the adminstrative changes to existing federal loan program – though probably not good policy – represent a fundamental change in the relationship between the feds and schools – either way, the federal government can still use its sponsorship of these programs as leverage for increasingly intrusive compliance mandates, whether or not this law passes.

Still, like you, I do wonder whether the Fedrlgumint has the authority to do it in any event…

(Academe + Legacy Media + Democratic party)

When a state ‘nullifies’ a federal law, it is proclaiming that the law in question is void and inoperative, or ‘non-effective’, within the boundaries of that state; or, in other words, not a law as far as the state is concerned.

Nullification has a long and interesting history in American politics, and originates in the Virginia and Kentucky Resolutions of 1798. These resolutions, secretly authored by Thomas Jefferson and James Madison, asserted that states, as sovereign entities, could judge for themselves whether the federal government had overstepped its constitutional bounds, to the point of ignoring federal laws.

Virginia and Kentucky passed the resolutions in response to the federal Alien and Sedition Acts, which provided, in part, for the prosecution of anyone who criticized Congress or the President of the United States.”

Thank God for my fellow Virginians, Jefferson and Madison. I wonder if Joe Wilson feels that things have come back full circle?

Also I qualified it by saying I’m not sure the current setup is good with free money being given up but that is a different topic if college financial aid as an income based entitlement program should exist or not. So far my two cents is I don’t think it should exist but I’ve brought it up before and it seems like the feelings on this board are that it should exist.