Analysts at the
New America Foundation, which takes a generally skeptical view of the student loan industry and has editorialized in favor of the Obama plan, questioned some of the principles underlying the lenders' alternative proposal.
Jason Delisle, who directs the
Federal Education Budget Project at the foundation's
Education Policy Program, wondered whether colleges rather than the government should be the ones who paid the lenders' fees for loan origination, since they would be the ones choosing (and benefiting from) the improved customer service. "If the argument is that there's a benefit here, let consumers, in this case the colleges, decide for themselves if it is worth it to pay, instead of shoving it down the taxpayers' throats," Delisle said.
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