Student Loans 101: Why Uncle Sam Is Your Banker

Career College Central Summary:
  • The Associated Press offers a look at the history student loans and why Uncle Sam got involved in the loan business in the first place.
  • Tracing America’s roots in the loan business back 55 years to the launch of Sputnik, the resulting article is an insightful look at how history shaped America’s involvement in federal loans.
  • The article brings us up to present day, where partisan bickering and political posturing have led to a standoff on student loan interest rates.
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