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This money isn't unbounded; it's confined by the budget allocated to the Department of Education and various government organizations (like Fannie Mae, et. al.)
by linkregister 9y ago
This money isn't unbounded; it's confined by the budget allocated to the Department of Education and various government organizations (like Fannie Mae, et. al.).
Ultimately the Department of Education is responsible for this money. The last 30 years are remarkable in the amount of controversy surrounding student loans and the default of large education funds.
The following article describes this in greater detail: https://tcf.org/content/report/student-loan-guaranty-agencies-lost-way/ https://tcf.org/content/report/student-loan-guaranty-agencie....