On Tuesday, March 31, the New America Foundation's Education Policy Program hosted "The Future of Federal Student Loans" This event featured representatives from the Obama administration, the student loan community, and New America's Education Policy Program to discuss the pros and cons of the President's proposal to stop guaranteeing federal student loans and to instead make the loans directly. On Feb. 26, the Obama Administration laid out a bold plan to expand financial aid, paid for in part by ending the Federal Family Education Loan (FFEL) program and instead contracting with companies to service loans. This proposal is controversial in the lending community, the higher education community, and on Capitol Hill.
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