Education
Barack Obama on
College Loan Programs
"It's really important that we revamp our college loan programs to free up more money for students. The direct loan program works extremely well, and there doesn't appear to be a need for these student loan programs to be managed through banks and other private lenders. If we were able to consolidate programs under the Direct Loan program, we would save $4.5 billion, which could be funneled back into providing more Pell grants and providing a higher level of grants per student."
Black Issues in Higher Education, October 7, 2004
