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Both private institutions and the government are student loan lenders in the US. The government also guarantees a lot of private loans. It's good to clarify w
by MrPowers 6y ago
Both private institutions and the government are student loan lenders in the US. The government also guarantees a lot of private loans.
It's good to clarify which lenders you're referring to when you say "Education lenders are dangerous predators". Do you think that the Federal government is enabling private lenders by guaranteeing their loans?
- vonmoltke 6y ago> The government also guarantees a lot of private loans. No, they don't. A rider to the ACA removed government subsidies of private loans. The federal government is now solely an issuer (though I believe their portfolio still includes some loans that were originally private but later bought out by the government).
- MrPowers 6y agoI did a Google search and found multiple sources that support "The federal government fully guarantees almost all student loans." One example: https://www.investopedia.com/articles/personal-finance/081216/who-actually-owns-student-loan-debt.asp https://www.investopedia.com/articles/personal-finance/08121... Seems like you're talking about government subsidies. I was talking about government loan guarantees.