Proposal would shift student-loan savings to deficit, health care

03/19/2010 | CNNMoney

A proposal to put the federal student-lending system completely under government control would redirect funds from student-loan fees to paying down the deficit and providing health care coverage to the uninsured. The proposal would bar private lenders from making federally backed student loans. Critics of the plan say student-loan borrowers should not be used to fund health care reform.

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