WASHINGTON (AP) - President Barack Obama has signed a law that
finalizes his health care overhaul and makes the government the
issuer of all federal college loans.
The president completed the measure at Northern Virginia
Community College, where he emphasized new help for college
students.
The legislation was the second of two steps needed for the
Democratic-led House and Senate to approve a health care package
affecting virtually all Americans. The new law makes a series of
fixes to the one Obama approved last week. It removes some
unpopular provisions among other changes.
In the same swoop, Democrats added in a rewriting of college
aid.
The new law strips banks of their ability to issue federal
student loans in favor of direct government lending.
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