The purpose is to not provide student loans to folks who are not those of affirmative action status.
How hard is this for anyone to understand?
No, actually, it sounds like it affects government guaranteed loans, which, arguably, is the prerogative of the guarantor.
Of course when the guarantor is the government the competition is arguably unfair...
I guess I haven't really refuted your point but it may not be quite a cut-and-dried as that.
The question is will there be cash-for-clunkers delays now (since there is no competition)?