GOP hopefuls criticize student loan programs

[November 10, 2011]  ROCHESTER, Mich. (AP) -- Republicans Ron Paul and Newt Gingrich criticized the nation's student loan programs, saying they had failed taxpayers.

Paul was asked about student loan program at a Republican presidential debate. He called it a "total failure" and said student loan debt of nearly $1 trillion could be "dumped on the taxpayer." He said he supported getting rid of student loan programs and the Education Department.

Gingrich said the loan program expanded the ability of students "to stay in college longer because they don't see the cost."

[Associated Press]

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