17 February 2010

Bayh Favors Sallie Mae Over College Students

Evan Bayh this week announced his retirement. All the major media outlets were shocked and awed by his comments that there was too much partisanship in the Senate. Politically leaves Indiana seat open and leaves another open chair by a retiring Democrat. Bayh is entitled to his retirement and there is no problem there, but Evan Bayh is showing what side he wants to be on discussions.


According to Ben Smith's Blog from Politico, "....expressing reservations about the plan for the government to eliminate private-sector middlemen and make student loans directly." As previously mentioned in a blog post on the 9th of February, Archie Duncan wanted to cut out the middlemen in student loans and use the 85 billion dollars for direct payment. Well now, liberated Senator Bayh believes this is a bad idea because it will hurt student loan corporation Sallie Mae in his state.

Granted it can be argued that looking out for business interests in your state is a required job for a senator, but when their decision could hurt 40,151 college students alone and about 18.3 million college students in the U.S. Now what is more important the 18.3 million college students or Sallie Mae who was bailed out by the federal government in 2008?

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