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Here's a follow-up of Rep. John Kline's (R-MN) hearing on

 the federal takeover of the student loan program

Kline had warned of complaints of poor customer service and security issues, among other things. In the session above, it sounds like things are actually running relatively smoothly -- something about which he said he is "very glad."

But Kline still still appears to have issues about the law that prompted the takeover, as well as a recent security breach and a "slush fund" that the program is amassing because of the difference between the rate at which the government borrows and the rate at which it lends.

Regarding President Obama's student-loan reform last week, he said 

Education News

On Campus Blog

Alex Friedrich

Author

Here’s a follow-up of Rep. John Kline’s (R-MN) hearing on the federal takeover of the student loan program. Kline had warned of complaints of poor customer service and security issues, among other things. In the session above, it sounds like things are actually running relatively smoothly — something about which he said he is “very…

Sen. Kline's issues with the federal direct-lending program

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