10/27/2009
https://www.congress.gov...
"So then why do you need this?"
"I think we're going to spend over the next few years about $41 billion to maintain the interest subsidy for subsidized student loans."
"I think we've perpetuated this fiction that you can't afford to go to college when, in fact, you can."
"So, basically, if you reverse the process and say, 'We'll tell you earlier how much money you can get, and then you can pick the college,' ... a lot more students will go to college."