Pell Grants aren't loans
I got pell grants for my kjds but if you think they helped all that much take a gander at what they give & then see what college costs are, not even close. For my daughter hers didn't even cover the costs of food on campus.

Both on mine not only needed the pell grants & got them but they also needed sub & unsub loans, which wasn't even close to what was needed. We had to beg borrow & steal & it's still nearly driving us under the poor house. Education should be a right & not a private privilege for just a few classes.

The military gets many of our young because they cannot afford to attend college & jobs are hard to come by for those at that age who don't have a great education.

"I think this bill is a huge mistake because it reduces the number of sources of loan money for students"

Ddq, that's because every privite for profit banking & lending instutition has they're paws on it & are they don't want to lose the hand over fist profits that keep rolling in the door. If the governemt ends up dealing out the money that would deeply cut into the beef of the cash cows wouldn't it. And as mentioned above the government did a great job educating it's vets under the GI bill until some assholes got into it & diluted & watered it down.

Barry