April 30, 2004
Why Michigan State Opted Out
Article: All Colleges Should Participate in Direct LendingMichigan State University had high hopes, when it joined the Federal Direct Student Loan Program in 1995, of eliminating the frustrations of dealing with multiple lenders. By 2003, we had become the second largest direct-lending participant, after Ohio State University, with over $150-million in federal loans.
Last May we decided to drop out and return to
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