A showdown over student loans is the latest budget battle

Monday, April 13, 2009

The Obama administration appears to be headed for a tough battle with the private student loan industry and its supporters in Congress. The Congressional Budget Office wants to forgo subsidized loans for direct government lending, a move that the loan industry says may cost them billions. President Obama wants to end a subsidized loan program and redirect billions of dollars in bank profits to scholarships for needy students. For more on this looming battle, The Takeaway talks to David Herszenhorn from our partner The New York Times. For more on the looming budget battle, read David Herszenhorn's article, Plan to Change Student Lending Sets Up a Fight, in today's New York Times.

Guests:

David Herszenhorn

Hosted by:

Femi Oke and Todd Zwillich

Contributors:

Jesse Baker and Noel King

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.