The measure ends billions of dollars in subsidies paid to commercial banks for making federally backed student loans in which they bore almost no risk, and expands direct federal loans to students instead.
By DAVID M. HERSZENHORN and TAMAR LEWIN, New York Times
Thu, 03/25/2010 - 12:37pm
The measure ends billions of dollars in subsidies paid to commercial banks for making federally backed student loans in which they bore almost no risk, and expands direct federal loans to students instead.