Obama to Sign Sweeping Student Loan Reform Today

Lost among the overheated rhetoric of the recently concluded healthcare debate was the following piece of legislation of significant import to students everywhere.  Tonight, the President will sign the legislation that effectively removes Wall Street banks from their position as middleman on all student loans.  The largest rewrite of federal college assistance programs in four decades, the legislation makes the federal government the originator of these loans.  Before the anti-big goverment people get all scared about “takeovers” consider the following after the jump.  Continue reading…