May 15, 2009
What the Federal Government Owes Student Borrowers
Our nation's federal student-loan system has reached a tipping point that, with the new leadership in Washington, offers a rare opportunity to create real change.
Congress, financial-aid officers, and the higher-education-financing industry have — for more than 15 years — been locked in an often fierce and polarizing struggle between the Federal Family Education Loan and the direct-loan programs. Rather than trying to balance taxpayer costs with the borrower's
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