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It is in the bill, it was not really discussed at all but basically the Fed Government will no longer subsidize banks who will then make loans to students. The loans will have to come directly from the Federal Government. The media isn't doing a good job of reporting (I know, shocking) on it because it pales in comparison to the thievery in the health care part. My understanding is it will not affect outstanding loans but after June 30th I wouldn't expect any private banks to write loans to students (so surely some people at these banks can say "so long" to their jobs).
http://www.whsv.com/news/headlines/88872452.html
http://www.whsv.com/news/headlines/88872452.html