Word: programer
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...college-student-loan system. If a final piece of legislation before the Senate is approved, millions of students will get their federal loans directly from the Department of Education. In other words, the federal government would sweep aside private competitors in the biggest change to the federal student-loan program since its creation in 1965. It's a legitimate government takeover. (See pictures of Barack Obama's college years...
...where's all that outrage now? The thing is, the government already runs much of the student-loan industry. For decades under the Federal Family Education Loan (FFEL) program, the government has handed out subsidies to large banks and companies like Sallie Mae that lend money to student borrowers and collect it from them. In addition, the federal government has been obligated to cover up to 97% of any defaulted loan, effectively eliminating risk for lenders. Figuring that money could be saved by cutting out the middleman, Congress created the Direct Loan program - in which money goes from the Education...
Until now. Gone will be the subsidies, and gone will be the FFEL program. As of July 1, all new student loans will go through the Direct Loan program. The savings - an estimated $61 billion over 10 years - will be used to shore up and increase the need-based Pell Grant program by $36 billion and invest in community colleges. While the Administration has reason enough to crow about the proposed measures, it has had to scale back some of its bigger plans. An earlier version of the bill would have invested an additional $20 billion and offered even more...
...insurance companies announced their intention to eliminate restrictions on children 18 and under with pre-existing health conditions, such as asthma. In addition, coverage for more than seven million children in low-income families who receive health-care from the Children’s Health Insurance Program will be shielded until 2019 from the fiscal pressures facing state governments...
According to Counter, some of the participants in the program have later enrolled in Harvard College...