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October 02, 2009 2:34 PM
Yes, Lenders, You Do Receive Government Subsidies
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.