The other Sunday vote: Student loans

When the House votes on a health care package this weekend, it will also consider a proposal to make federal government the one-stop-shop to get cheap student loans.

WASHINGTON (AP) -- The House is poised to vote to push private lenders out of the federal college loan business and massively expand the government's own lending program....

U.S. News & World Report - Until recently, banks and other private lenders have made it hard for anyone to shop for college loans, in some cases because they didn't want to compete by cutting profit margins. But several web entrepreneurs and state agencies have developed new tools to help students and parents find private loans that, in June of 2010, charged as little as 1.78 percent in interest.

The House is poised to vote to push private lenders out of the federal college loan business and massively expand the government's own lending program.

AP - The House is poised to vote to push private lenders out of the federal college loan business and massively expand the government's own lending program.

The House is poised to vote to push private lenders out of the federal college loan business and massively expand the government's own lending program.

The president's budget plan calls for direct government funding of student loans, cutting out private industry. President Obama's proposal for direct government funding of student loans -- cutting out private industry -- sent shares of Sallie Mae, Student Loan Corp., Nelnet Inc.

Reuters - The Democratic-led House of Representatives on Sunday approved President Barack Obama's bid to implement what would be the biggest overhaul in decades of the federal student loan program.