When the economic chips began to fall last winter, writes Tim Hartnett, legislators on Capitol Hill spared neither time nor words informing us of their priorities: no matter what might happen in the financial markets, we were told, funding for student loans will continue to flow.
This is one promise from Washington we can take to the bank. Our government, representing the forces of goodness itself, isn’t about to abandon that holiest of all cash cows, vulgarly known as the education industry. If there were such a thing as academic stock, only an idiot would sell it short. FULL ARTICLE