This deconstruction of what appears to be an erroneous and misleading editorial in the Wall Street Journal (certainly wouldn't be the first time!) is not to be missed. "Just like its last foray into federal student loan policy, the Sept. 12 editorial distorts facts, omits details, and misuses anecdotal evidence with the best of them." The WSJ is opposed to the proposed plan to end the bank-based program and replace it with a government-based program, its main argument being that it will only save $47 billion.
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