If you thought the politics behind the student loan pricing debate were contemptible, just wait until Congress takes up the reauthorization of the Higher Education Act this year.
For nearly a half century, the HEA has been responsible for a variety of financial assistance programs for students and educational institutions. Title IV is arguably the best known facet of the act. It governs Pell and Supplemental Education Opportunity grants, the Federal Work Study program, Perkins Loans, Direct Subsidized and Unsubsidized Stafford Loans and Direct PLUS Loans. (The FFEL program was discontinued in 2010.)