The Upper House is facing a major challenge in deliberating a controversial amendment to the Student Loan Fund Act. That’s mostly because the Student Loan Fund (SLF) is complicated. Funded by taxpayers to provide poor students with loans so they can pursue higher education, the SLF has to juggle between providing welfare-style education loans and collecting debts while making returns on interest rates and late fees so to maintain liquidity. Senators must now create a law that can make SLF serve both purposes. The legal amendment of the SLF Act became politically controversial in September when…