Well good news hails from the Senate as concerns student loans and the welfare of the student itself. Don’t want to be partisan but interesting how now that Democrats are in charge, students instead of lenders are now getting favorable legislation. There is a bill which has been introduced in the house which would trim subsidies for student lenders (not sure why they even needed them to begin with) and use that money to give the students a break. True Capitalists seem to not be able to resist “capitalizing” on any consumer especially the most vulnerable. When Republicans were in charge the welfare of the student lenders was paramount, now that Democrats are in charge things have reversed themselves. In fact, now that the media has gotten hold of the student loan conflict of interest story and run across a crowded field with it as if it were some lady’s undergarments, even the Republicans are pro-student and even challenging the Democrats for not being pro-student enough as detailed in an news article in Inside Higher Education titled "The Competition to Aid Students."
Who can forget James Boehner, despite the fact that he would love his past to slip past minds flummoxed by the lightening speed of the internet. However Source Watch reveals his campaign contribution pedigree and who can forget his Patrick Henry like proclamation, delivered to the Consumer Bankers Association: "Know that I have all of you in my two trusted hands. I've got enough rabbits up my sleeve to be able to get where we need to", still resonates. The internet is like that, its a virtual, resounding terminal echo.
Ironic isn't it, how roaches and other creatures who do their best in dimness totally change when an errant spotlight suddenly finds them. Now that the public is aware of blatant conflicts of interest in the student loan industry and also within the Department of Education, Republicans who were previously only beholden to their capitalist constituents can no longer justify such positions. Campus Progress has taken note of the change of direction without forgetting the "way we were" when Republicans ran things. They list how Republicans voted and the contributions they received not that long ago.