Schaffer, Udall duke it out in Denver
by Joe Hanel
Herald Denver Bureau
DENVER - Senate candidate Bob Schaffer raised a new financial fear Thursday - defaults on student loans.
Schaffer, a Republican, said the federal student loan program is "doomed to collapse" during a debate with Democrat Mark Udall at Denver television station KMGH. He compared student loans made by the federal government to the subprime home loans - many backed by the congressionally charted companies Fannie Mae and Freddie Mac - that caused the current financial crisis.
"It's important to note that we have a very similar precarious situation occurring in the country with respect to college loans," Schaffer said.Click here to read full story
Click here to watch debate at KMGH
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