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Stories by Neal McCluskey

Neal McCluskey is the associate director of the Cato Institute’s Center for Educational Freedom, and the author of Feds in the Classroom: How Big Government Corrupts, Cripples, and Compromises American Education.

Student Loans – Do The Democrats Have A Point?

Neal McCluskey wrote on May 7th, 2009 at 10:55 am

The federal guaranteed lending program – formally known as the Federal Family Education Loan Program (FFELP) – is in large part just welfare for “private” banks that provide loans with almost no risk because the Feds protect them almost entirely against default and pay them various fees.
What these so-called “private” lenders – and banks, by   more

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