May 21, 2008
A Primer on the Student-Loan Troubles
Q. Why is all of this happening now?
A. It's due to a combination of factors, mostly involving an economic downturn occurring at the same time political tides turned against student-loan companies. Over the past few years, the loan companies attracted attention by extracting hundreds of millions of dollars in profits from a system in which they received federal subsidies to deliver loan money to college students.
That prompted a crackdown on their
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