{"id":502189,"date":"2010-04-01T14:40:16","date_gmt":"2010-04-01T18:40:16","guid":{"rendered":"http:\/\/seattletimes.nwsource.com\/html\/northwestvoices\/2011499447_educationreconciliationactendsbanksroleasmiddlementostudentloans.html?syndication=rss"},"modified":"2010-04-01T14:40:16","modified_gmt":"2010-04-01T18:40:16","slug":"education-reconciliation-act-ends-banks-role-as-middlemen-to-student-loans","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/502189","title":{"rendered":"Education Reconciliation Act ends banks&#8217; role as middlemen to student loans"},"content":{"rendered":"<p><strong>How much will this cost the government?<\/strong><\/p>\n<p>I\u2019m not in favor of the government taking over the student loan program. [\u201cObama inks final health bill with student-loan changes,\u201d News, March 31.]<\/p>\n<p>What really galls me is that President Obama made his remarks on the program yet another unfair hit-and-run attack on private enterprise in general and banks in particular.<\/p>\n<p>He said fees paid to banks was wasted money and all of that money would now be redirected to the loan program. Wait a minute \u2014these loans require a fair amount of administration. There are applications to be reviewed, then approved or rejected and payments to be tracked, billed and accounted for. Most of the money the banks got from this program paid for those costs.<\/p>\n<p>Is the federal government going to magically administer these loans at no cost? Do they have the infrastructure in place to even begin to run this program? Will we ever be told the truth on what the program costs versus what they are providing in loans?<\/p>\n<p><em>\u2014 Mark Ursino, Sammamish<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How much will this cost the government? I\u2019m not in favor of the government taking over the student loan program. [\u201cObama inks final health bill with student-loan changes,\u201d News, March 31.] What really galls me is that President Obama made his remarks on the program yet another unfair hit-and-run attack on private enterprise in general [&hellip;]<\/p>\n","protected":false},"author":2861,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-502189","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/502189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2861"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=502189"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/502189\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=502189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=502189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=502189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}