This is a few days old, but it is worth noting that TPM Muckraker recently reported that Citibank, which received $45 Billion in bail out funds, emailed their student loan borrowers and encouraged them to take action against President Obama’s higher education policies.
The email stressed threats to “competition” and “borrower benefits,” without even mentioning the goal of the proposed policy: to save the government an estimated $94 billion over ten years that could be used to expand the Pell grant program. Any attempt to argue against the President’s proposal must first explain how saving a broken and wasteful system will increase access to college more than investing billions in need-based grants.