3 ms·
Loans aren't federally guaranteed anymore. They are made directly by the government.
by learc83 7y ago
Loans aren't federally guaranteed anymore. They are made directly by the government.
- macspoofing 7y agoOoof. That's worse, but the equation is the same. The lender does not evaluate the value of degree given the loan amount. That's the market distortion taking place, and why administrative costs (and consequently cost of education) has skyrocketed.