[kabar]

Private lenders warn that the suggested change could drive up interest rates, since the risk of losses would increase. They argue that bankruptcy provides too big a temptation for students to walk away from their debt obligations because, unlike homeowners, for example, many students lack major assets.

The net effect and probably the objective of this WH is to kill off the private lenders and let the federal government assume all of the lending responsibility, thereby increasing federal control over our lives even more.

[Meet the New Boss]

The net effect and probably the objective of this WH is to kill off the private lenders and let the federal government assume all of the lending responsibility, thereby increasing federal control over our lives even more.

Precisely. And remember Zero's proposal that people who take jobs with the government should have their loans forgiven.

Like government having the power to decide whether a particular medical treatment is permitted to be paid under an insurance policy, Zero wants to move to a situation where government has the power to decide which students get loans and which students will later have their loans forgiven, as a way to exert political discipline and control over the population.