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News Link • Economy - Economics USA

Ellen Brown on Student Loan Industry

• arclein
Despite all this government help, lenders have continued to turn their backs on riskier borrowers, driving students to the government’s direct lending program. With the banks enjoying heavy subsidies while failing in their mission, Obama campaigned in 2008 on a promise of eliminating the middleman lenders; and with the new SAFRA, he appears to have fulfilled that goal.

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