When you buy a car, does the government tell you from whom you can borrow money? How about when you buy a house or plan your dream wedding? No, the government allows you to run your own affairs. So, why now is the government trying to tell you from whom you can borrower money to go to college and realize your dream of higher education? And just who benefits from the government’s monopoly on the student loan industry … the government does, not you, not the students, not the families trying to scrape together enough to meet even half the costs of college in the United States.

The student loan legislation that is currently being reviewed in Congress is really a raid on student loan benefits. It robs students of the interest rate reductions and customer service that private lenders provide and puts all the control in the hands of the government, which means more red tape and more bureaucracy. The United States is not a socialist company, yet our Congress takes up a socialist agenda, one that is against the individual and only supports large government.

This new legislation just about forces colleges to use the government’s Federal Direct Lending Program (FDLP), a program that does not give students benefits such as interest rate reductions or choice. By forcing schools to leave the Federal Family Education Loan Program (FFELP), the taxpayer will be burdened with the FDLP’s shortfalls: The FDLP has lost taxpayer money every year since 1997, totaling $16 BILLION!

Currently, 80 percent of America’s colleges and universities choose to work with FFELP because it delivers better service and more choices to their students than the Federal Direct Lending Program.

We are opposed to the proposed student loan legislation and middle-class families should be too! The government is taking money out of YOUR POCKET.

It only takes one minute to make a difference: call your senators, send your senators an e-mail, download a letter to fax to your senators, become part of our petition and help your friends find out the truth about the proposed student loan legislation.