New Student Loan Guidelines

It seems that in the near past any guidelines relating to student loans were completely ignored, as if they were being followed by pirates. In this case, the pirates turned out to be the banks that student loans were previously given out through. However, the new addition that Obama signed for the health care bill states that there will be no banks involved in the student loan process - The funds should now go directly from the federal government to the students. The great thing about this proposal is the fact that previously the government was paying banks to do nearly absolutely nothing; this ended up just losing money for the banks. This means that the government, according to an estimate, could save nearly $68 billion in the next ten years. The money will thus be going straight to students instead of spending time in the pocket of some large bank CEO. In my opinion this was one of the best things that Obama could have added to the health care bill. Although student loans have almost nothing to do with health care, they are a subject that touches millions of young voters; voters who could be swayed by knowing that something in the health care bill benefited them specifically. The young voters are mainly how Obama won the office in the first place, and they will be key to his success if he decides to run in the 2012 election.