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Can the existing staff at Institutions of Higher Learning handle the additional influx of loan requests? Has GAAP been expanded to Financial Aid offices nationwide, eliminating the "re-age" practice helping lower delinquency numbers on the direct More..
notice how biased the headline is toward wealthy banks - the headline could have been "Students to benefit greatly from lower student loan costs".
the last time congress decided to "help" students by capping interest rates on student loans, the availability of the loans fell dramatically.
Fewer students are going to be able to get loans.