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(Studio: Peter Jennings) The weekly look at how the government spends taxpayers' money introduced.
(Washington: John Martin) A look at how to run the federal student loan program featured. [Borrower Tom TROGDEN - comments.] The current program in which the Treasury Department pays banks a subsidy for making the loans outlined. [Senator Paul SIMON - opposes subsidizing banks in the name of higher education.] [Consumer Bankers Association John DEAN - opposes the government taking over the program.] [Disguised student "Kelly SMITH"- explains why she is defaulting.] [Deputy Secretary of Education Madeleine KUNIN - comments.]
(Studio: Peter Jennings) Alternative way in which the 2 billion could be spent outlined. Last week's segment on Senator Robert Byrd's request to the Navy that another atomic clock be built recalled; Byrd's changing of his mind noted.
- Jennings, Peter;
- Martin, John
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