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Arne Duncan in focus

By Ed O'Keefe

Education Secretary Arne Duncan makes his case for the federal direct student loan program in writing today, arguing the government should end $9 billion in subsidies to banks to guarantee student loans.

"The Education Department has issued more than $187 billion in student loans since the Direct Loan Program was created in 1993," Duncan writes in Friday's Washington Post. "The number of universities participating in the program has more than doubled, to 2,300, in just the past three years. There is no justification to continue wasteful subsidies to banks. It is time to complete the shift to direct lending."

Duncan also faced unusually sharp questioning from House Democrats Thursday over the Obama administration's proposals to eliminate a grant for the Teach for America program and hold the line on new funding for many other education programs.

But in the video interview above, the former pro-basketball player gets to talk a little sports with The Post's Sarah Lovenheim, who also asked about his broader goals of making the nation's teachers and students more confident, competitive and career-driven.

Leave your thoughts in the comments section below

(Video by Jason Aldag/The Washington Post)

By Ed O'Keefe  | February 26, 2010; 11:00 AM ET
Categories:  Administration, Video Report  
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I never quite understood this. The government is saving money by eliminating bank involvement. So how are they replacing those services? Unpaid interns?

It is sad to see more jobs destroyed in this economy.

Posted by: fireball72 | February 28, 2010 11:31 AM | Report abuse

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