Let's check out some numbers. There are, right this very moment, more than a billion computers worldwide. Two hundred million televisions were sold is 2009 alone. Eight million dashtop GPS units were purchased in 2008. One hundred and ten million digital cameras were sold in 2009. Apple blew out 20 million iPods in just the first quarter of that same year.
America's students are facing a serious threat from subprime private loans, and the situation could worsen unless Congress votes to close a potential loophole in the proposed Consumer Financial Protection Agency.
The Contract for College would unify the existing three strands of federal financial aid — grants, loans and work-study — into a coherent, guaranteed financial aid package for students.