The student loan trillion dollars. Now, do you know why that was developed? I know you did it, but I don't know why, because it doesn't make any sense. The federal government made private institutions get out of the student loan program because they were supposed to make money on that program to pay for Obamacare. That's why the federal government shut out private institutions, and it's been a disaster. So imagine that with this home loan program. And so I got an undersecretary in charge of this. (21:17–21:27)
CLAIM
Asserts that the federal government removed private institutions from the student loan program to fund Obamacare.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
