Word: bankses
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The President also called for a bill that “will finally end the unwarranted taxpayer subsidies that go to banks for student loans,” proposing instead a $10,000 tax credit for families paying for college and increased funding for Pell Grants to assist low-income...
This is the best pathway toward reviving trust in Washington while the long, slow process of job recovery sets in. Like TR, Obama need not condemn the self-interested and entrepreneurial spirit of Wall Street. He need only argue the truth: Business is underpinned by certain social norms, which are...
Government Professor Theda R. Skocpol called this idea “almost a textbook example of some of the things Obama is trying to do. It would reduce subsidies to the privileged, in this case banks, and...use the money to create broader benefits for the middle class and the...
Harvard students and professors said they favored President Barack Obama’s proposals to end government subsidies to banks that provide student loans and to aid students who choose careers in public service, although some questioned the likelihood that these plans will be enacted.
Under current federal law, the government subsidizes banks that give student loans and promises to repay them if families default, making student lending a lucrative industry, according to Suzanne Mettler, a government professor at Cornell University.