In an editorial published today, the New York Times came out against the FFELP program, stating that the “direct-lending proposal is clearly in the country’s best interest.” Check out the excerpt below:

The direct-loan program suffered no such disruption. In addition to being more reliable, direct lending is also less expensive. Equally important, according to the Congressional Budget Office, the country would save $94 billion over the next decade by switching completely to direct lending.

This would not in fact “grow government,” as conservatives in Congress have already begun to charge. The loans would be handled through colleges, just the way Pell Grants are now. The loans would then be serviced and collected by private companies that are already competing for this lucrative business.