More bad stuff in the latest budget plan

[unrepentant progress]

3. Don't forget the corporate welfare for collection agencies at the expense of lower-income students

The Washington Post reports that instead of using the portion of surplus dollars to fund college for lower-income students, it will now be used to pay companies that collect student loans on behalf of the Department of Education.

More: http://consumerist.com/2014/12/10/deal-to-keep-the-government-running-cuts-303m-from-pell-grant-program

Which, of course, forces lower-income students to take out more loans (which can not be discharged in bankruptcy), thus driving up the profits of the collection agencies even more.