So, the way this is working now that an institution gets taxpayer money, lends it out, and then we pay them a premium on top of what the student would otherwise pay to reward them for taking a risk with our money? Is that essentially right?
Rob Andrews: “So, the way this is working now that an institution gets taxpayer money, lends it out, and then we pay them a premium on…”
On the recordMay 20, 2009
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congress.govEditor's note · Context
Andrews questions the use of taxpayer money in private loan programs.
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