Political Quotes

“No student's loan is in jeopardy, every eligible student will get a loan, and it will now be a low-cost loan because of the fierce competition in the student loan market. In fact, because all schools must use the funds earned on these loans for need-based grants, students are the big winners under these rules. Indeed, Senator Ted Kennedy has written a letter to Secretary Spellings on August 1 demanding that this loophole under the School as Lender provision for those Eligible Lender Trustee agreements be eliminated. Shame on those schools who don't want to use these funds for need-based grants for their students, but instead on their inflated administrative budgets.”