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So in effect we are "saving" money by taking federally backed loans away from the banks yet will wind up spending far more than saved since the Pell grant program has mandatory increases, we will be eating a whole lot more of the unpaid debt with the forgiveness program and the sure to be wasteful govt beaurcracy that adminsters this entire deal.
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Why are you ignoring and not including saving the millions the banks take in fees? That is the direct equal funding for the increase in the Pell program.
The forgiveness programs are expected to be a wash (no essential change from current) from what I've read.
The "wasteful government beaurocracy that administers this entire deal" is already long in place, and has been doing a pretty impressively good job, from my 15 years of contact with them.
Now please be consistent, and go over to the other thread, and explain how Obama opening up drilling off the southeast US shore, and closing off Bristol Bay, is a leftist, progressive entitlement program that will end up costing us billions in unforseen charges and expense.