President bitchslaps the bankers. Round 1.

[boaz]

President Barack Obama signs student loan changes into law

March 31, 2010

WASHINGTON (AP) - President Barack Obama approved legislation Tuesday that makes the government the primary issuer of student loans.

Proponents of the change say it will provide bigger grants for college students who need them and relaxed payment terms for students with loans. It will also more money available for community colleges and historically black institutions

On the other side of the coin, banks and other financial institutions stand to lose.

cont.

Associated Press

boaz Reviewed by boaz on 04-05-2010. President bitchslaps the bankers. Round 1. President Barack Obama signs student loan changes into law March 31, 2010 WASHINGTON (AP) - President Barack Obama approved legislation Tuesday that makes the government the primary issuer of student loans. Proponents of the change say it will provide bigger grants for college students who need them and relaxed payment terms for students with loans. It will also more money available for community colleges and historically black institutions On the other side of the coin, banks and Rating: 5