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Message: <blockquote data-quote="Obi-Wan" data-source="post: 347369" data-attributes="member: 709"><p><span style="color: #111111">[FONT=&quot]March 30, 2010  - President <a href="https://www.sfgate.com/barack-obama/" target="_blank">Obama</a> will sign a bill today that ends a 45-year-old program under which banks and other private-sector lenders such as <a href="https://www.sfgate.com/search/?action=search&channel=business%2Fnetworth&inlineLink=1&searchindex=solr&query=%22Sallie+Mae%22" target="_blank">Sallie Mae</a> receive a federal subsidy for making government-guaranteed college loans.[/FONT]</span></p><p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'">Play/Pause Video</span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'">Mute/Unmute Video</span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"><span style="color: #A1A1A1"><span style="color: #FFFFFF">ADVERTISEMENT</span></span></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"><span style="color: #A1A1A1"></span></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p> <p style="text-align: center"><span style="color: #000000"><span style="font-family: 'Helvetica'"></span></span></p><p><span style="color: #111111">[FONT=&quot]Instead, the U.S. Department of <a href="https://www.sfgate.com/education-guide/" target="_blank">Education</a> - which already makes roughly a third of these loans through its direct-lending program - will make 100 percent of them starting July 1.</span></p><p><span style="color: #111111"><a href="https://www.sfgate.com/business/networth/article/Feds-take-over-student-loan-program-from-banks-3193888.php" target="_blank">https://www.sfgate.com/business/networth/article/Feds-take-over-student-loan-program-from-banks-3193888.php</a></span></p><p><span style="color: #111111"></span></p><p><span style="color: #111111">[/FONT]</span></p></blockquote><p></p>

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