![Happy Birthday Mike Rowe: "We are lending money we don't have to kids who can't pay it back to train them for jobs that no longer exist. That's nuts." [551x919 - 176KB]](https://pic8.co/sh/3QSqOe.jpg){kind=link}
Banks are almost entirely factored out of the student loan equation though, as 0bama established what is effectively a federal monopoly on student lending.
The only quibble is that the feds will be all "Oh, SallieMae is private", which is a distinction without a difference in this case.
Banks are almost entirely factored out of the student loan equation though, as 0bama established what is effectively a federal monopoly on student lending.
The only quibble is that the feds will be all "Oh, SallieMae is private", which is a distinction without a difference in this case.
Banks own majority stakes Sallie Mae.
Banks own majority stakes Sallie Mae.
And the Feds--and the Fed--own the banks.
And the Feds--and the Fed--own the banks.
(post is archived)