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(33,424 posts)

9. The banks got out of the federal student loan business in 2010.

Tue May 14, 2024, 06:10 PM

May 2024

The money comes from the federal government, and they set the rates.

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Education Dept. announces highest federal student loan interest rate in more than a decade [View all] BumRushDaShow May 2024 OP

I have the same questions... nt Nittersing May 2024 #2

Ditto ananda May 2024 #4

I think it's more the banks' fault. Elessar Zappa May 2024 #5

Banks Beowulf42 May 2024 #8

Not true. former9thward May 2024 #10

It's Not Biden... GB_RN May 2024 #11

Thanks. Still confusing. elleng May 2024 #12

Don't Know What "Other Factors" Are... GB_RN May 2024 #14

Right. Thanks. elleng May 2024 #15

Ugh... GB_RN May 2024 #16

Dept. of Ed. do not control the banks. Traurigkeit May 2024 #3

The banks got out of the federal student loan business in 2010. former9thward May 2024 #9

The auction may be the major confusion, elleng May 2024 #17