For those of you that love big government, the U.S. government just took over another segment of United States commerce – education funding. President Obama signed a new law the makes the federal government not only the only lender of money to students for higher education, but will allow the government to be the educational gatekeeper and determine which schools get loan funds, the amount of loans available to each school and which students can borrow and how much a student can borrow. The federal government now has the ability to control educational institutions and students by picking who gets money (winners) and who doesn’t (losers). For those of you who think this will never happen, it already has. See government regulation of college athletics, aka Title IX.
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