Additional considerations for current proposed legislation:

All the talk over decreasing fees to, and increasing fees from private lenders/banks in the FFEL program will take another casualty beyond the private bank or lender -- the state run student aid association. These groups of lenders are agency's of states, almost every state has one. For example: PHEAA, MOHELA, ISAC, etc.

These are non-profit state run agency's. But they generate a cash surplus every year. What to do with all that money? Most agency's have in their charter to turn over their surplus profit to the state university system's building or general fund. That's right, the profits from the FFEL program are plowed right back into the state university for new buildings, lab equipment, campus security, etc. All that is going to go away if the swirling proposed legislation ever makes it to law. The excess profits that these state student aid agency's produce will dry up.

So how will university's recoup this lost money that they've grown to depend on? Oh jeez.....they will increase tuition even further. But wait, that's not the intention of all the legislation swirling around. It sounds impossible, but that's what will happen -- a law proposed by a senator will actually have the opposite effect of what it's intended! If you know a senator or congressman, please, by all means, help them see the error of their ways.