Barron over at The New Republic posted an awesome overview of the status of the direct lending fight on TNR’s blog The Plank. Here’s a highlight:

“Facing pushback from his Democratic allies, Obama may be tempted to cave and accept some version of Sallie Mae’s plan. But he shouldn’t. It’s still a huge waste of taxpayer money, it leaves the door open for private lenders to reassert themselves in the future, and it’s more expensive for borrowers. Obama should make full use of his current political advantages and cut lenders out of the equation once and for all.”

We agree that this issue is too important to compromise.