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If pupils of High People had students of its individual, the brand new government’s character during the figuratively speaking dramatically changed
Less than Chairman Richard Nixon, Congress lengthened the application form inside the 1972 through a great quasi-governmental service – the new Education loan Marketing Organization, or Sallie Mae – to boost what kind of cash designed for student loans.
Sallie Mae was considered an enthusiastic enlightened expansion regarding Johnson’s program because it depending an industry to have federally supported college loans. (more…)