Loan Shark

Clark, Kim
February 2006
New Republic;2/20/2006, Vol. 234 Issue 6, p10
This article reports on the efforts of Congressman John Boehner, elected in 2006 as House majority leader pledged to curbing lobbying, to raise the interest rates on student loans. The author suggests that Boehner managed the raise in return for campaign contributions from lenders. Boehner contends that the moves will save money for students and their parents. The article concludes that Boehner is incorrect and was unduly influenced by lobbyists.


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