Put student loans in federal hands

The government can do much more to make borrowing for college tuition a benefit, not a burden.

And this is not good:

The deal is the largest indication of how commercial banks and private equity firms will be able to dictate who goes to college. Banks advertise the advantages of consolidating existing student loans, much as they do for home loans and credit cards. But this line is merely attractive bait used to capture market share now, in return for higher fees and interest rates later.

Similarly, private equity firms won't have affordable education as their top priority. It's just not profitable. Instead, they will determine how to squeeze the most out of students and parents, which is far more lucrative.

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