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Wednesday, April 25, 2012

Student Loan Reform Fight Broader For Obama Than Interest Rate Debate

Student Loan Reform Fight Broader For Obama Than Interest Rate Debate:

Student Loan Reform Fight Broader For Obama Than Interest Rate Debate



Consumer advocates had been urging Obama's student-lending reform for decades, but the bipartisan lobbying clout of student loan servicing giants like Sallie Mae had prevented legislation from going anywhere in Congress. Today, nearly two years after the law passed, education access advocates have another target: relief for the millions of graduates drowning in debt. Tackling that problem involves another bruising political battle with banks -- and the White House has instead chosen to focus on affordability programs.

While Republican frontrunner Mitt Romney has publicly supported Obama's plan to prevent the interest rates on