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October 2, 2009 02:34 PM

Yes, Lenders, You Do Receive Government Subsidies

by Jesse Singal

Jason Delisle wrote a useful post for Higher Ed Watch examining one of the more ridiculous assertions made by members of the student loan industry in an attempt to fight back against the Student Aid and Fiscal Responsibility Act: that they “are not being paid subsidies” by the government.

Very very not true, as Delisle capably explains.

Jesse Singal is web editor of the Washington Monthly. He previously worked as an associate editor at Campus Progress, and his writing and reporting have appeared in The Boston Globe, The American Prospect Online, and Politico.

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