Washington Post's Answer Sheet blog notes that included in the passage of health care reform in the U.S. House of Reps last night was a big change in how students will get their college loans.
The massive health-care reform legislation -- which the House approved last night -- also would end an expensive program by which the federal government paid banks and other private lenders to provide federally backed loans to students who chose this route. In this program, if students defaulted on their loans, the banks got paid by the government anyway.
President Obama instead pushed for the Education Department, which already provides student assistance, to grant all federally backed loans. To get rid of the middlemen, in other words.
The result: Billions of dollars in subsidies to private lenders saved, more than $60 billion over the next decade. It's the biggest change in the government's efforts to help students pay for college since they began decades ago.