June 22, 2007
The Hidden Costs of Direct Loans
For more than 40 years, student-loan providers have helped millions of American families achieve the kinds of dreams made possible by the best higher-education system in the world. Federal guaranteed loans, or loans made by individual lenders that are backed by the federal government, have made college more affordable by being the lowest-cost student loans anywhere. Recent revelations of practices between some colleges and lenders do not diminish those contributions, try as some might to
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