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The loan she talks about in the article isn't a subsidized one, it's a variable rate private student loan.
by intopieces 8y ago
The loan she talks about in the article isn't a subsidized one, it's a variable rate private student loan.
- smsm42 8y agoSallie Mae is a state enterprise, subsidized by state. The loans it makes do not exist on private market. Therefore, it's a subsidized loan, even if the subsidy is not as overt as in some other loans.
- intopieces 8y agoSallie Mae is a publicly traded company. Loans have not been federally backed since the Health Care and Education Reconciliation Act of 2010. The loans it makes do exist on the private market because it makes them all on the private market.