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Lexington Institute Hosts Student Loan Discussion

November 11, 2009 - 4:50pm

Yesterday the Lexington Institute held a policy forum in Washington, D.C. on the future of the federal student loan programs. Jason Delisle of the New America Foundation was a featured speaker along with representatives from Sallie Mae, the financial aid industry, and a student organization. A webcast of the entire event is available here.

Readers may wish to pay particular attention to a discussion between Sallie Mae Vice Chairman Jack Remondi and Jason Delisle regarding federal student loan program costs and market based cost estimates. The discussion begins 1 hour and 19 minutes into the forum.

Comments

Lexington Institute Hosts Student Loan Discussion

Jason Delisle embarrassed himself with his bizarre comparison of Pell Grants and student loans. I can only assume he is not so uninformed as to truly not understand there is virtually nothing in common with a program that simply gives gift aid to students with no strings attached and one where the student has to be tracked for status confirmation and eventual conversion to repayment. There is no need for financial literacy training, delinquency and default prevention, explanation of multiple repayment options and so on. So why would Mr. Delisle spend his allotted time to offer such drivel? You could sense that even the DL supporters in the room were rolling their eyes. What a wasted opportunity to add to the professional and intellectually-mature discourse.