Health Care Overhaul Forum

[gustrock]

Part of Obamacare is the idea of "stripping banks and other private lenders of their ability to originate student loans in favor of a system of direct government lending." What exactly does this mean for us law students seeking financial aid?

[jack duluoz]

i think it means lower interest rates. we will borrow directly from the govt, so we'll be cutting out the middle man (private banks).

it's a good thing.

[eldizknee]

.

[b.gump81]

for loan repayment, wasnt there something about soon being obligated to serve in a community service organization like americorp or the peace corp for a designated amount of time, rather than traditional monetary repayment?

[jack duluoz]

for loan repayment, wasnt there something about soon being obligated to serve in a community service organization like americorp or the peace corp for a designated amount of time, rather than traditional monetary repayment?

maybe, but am pretty sure that direct lending is the only thing that will be different for us. Everything else doesnt start until 2014 or whatever.