Students in South Dakota and across the nation need a more affordable way to take out loans and pay for higher education. The Affordable Future Loan Program would allow students to use private financial institutions to take out federally guaranteed loans. By utilizing the efficiencies of the private sector and providing enough financing to cover the actual cost of going to school, this program will ultimately save money for hardworking students and their families. While it doesn’t change any existing programs, this bill would provide a low-interest choice for financing education and take Washington bureaucrats out of the process.