As it passed health care reform Congress also revamped student loans to make more money easier to get and to pay back - increasing Pell grants, taking great power and great responsibility from the banks and lending institutions and giving it directly to the colleges, forgiving loans entirely after 20 years and more. While it sounds good on the surface this student loan reform is not without its controversy and critics, on both sides of the issue. Free marketers argue that the Obama-inspired legislation will crush private banks that currently offer a big chunk of student loans, and kill loan competition for students. Student advocates say the bill is nowhere near generous enough to keep pace with the increasing college tuitions. We discuss the basic arithmetic of the student loan bill and what it means to you.