The student lending industry has launched an "aggressive lobbying campaign" of senators representing states where big lenders are based, scaremongering about job losses resulting from passing SAFRA. Now, it appears that their lobbying is paying off.
We're a long way away from when Thomas Jefferson started the University of Virginia with the notion that part of building a middle class (necessary to a democracy, he said) would require people with some education, and advocated a national program of free education up to and including university levels.
The last state to fall from that ideal was when Governor Ronald Reagan ended free enrollment in the University of California system. My question - how do these people sleep at night or look themselves in the mirror?