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Herman Cain: Student loans should be through states

In things that are pretty unlikely to transpire: At a forum sponsored by the College Board Thursday, Herman Cain said student loans for college tuition should not be a responsibility of the federal government. Instead the states should finance education loans, even at the higher education level:

“I believe that if a state wants to help with college education, that they should do that,” he said from Arkansas, where he is on a campaign swing. “Secondly, you have people living within communities within states that are willing to help fund those kinds of programs. So I do not believe that it is the responsibility of the federal government to help fund a college education because herein, our resources are limited and I believe that the best solution is the one closest to the problem. The people within the state, the people within the communities, ultimately, I believe, are the ones who have that responsibility.”

Cain said he does not yet have an opinion about whether he would abolish the federal Department of Education. He said he would evaluate the department once elected president.

[Politico]

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