When Banks Lost Control of the Student Loan Mess
Higher Education Inquirer
JANUARY 13, 2025
History can be many things. In 2007, President George W. Bush signed the College Cost Reduction and Access Act of 2007 (HR 2669) which cut subsidies to lenders and increasing grants to students. For-profit colleges, the engine for much of this bad debt, did get scrutiny, and from 2010 to 2023, their presence was reduced.
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