The student loan thing is just a cost saving measure. In the past, the government simply guaranteed the loans, and supplied the money to banks to loan. They were paying big fees for the banks to essentially loan the government's own money to the students. This bill cuts out the middle man. There is nothing radical about this, the government has all kinds of bureaus in the loan business, small business, farm, rural development. As usual, paranoid right wingers want to make this into the coming of Kark Marx.