All Posts Tagged: 'Taxpayers'


Why Didn’t I Think of That

September 24th, 2008 | Category: Undergraduate Education

Once upon a time, all the way back in the early 1980s, Congress passed a law that guaranteed lenders a minimum return of 9.5% on student loans. The financial world was very different back then–the prime rate was almost 19% in 1981–and the student loan industry wasn’t as robust. But as time went on interest [...]