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Economic reporting data you to definitely Large Ed Watch obtained from the fresh new U.S. Institution out-of Knowledge recommend that the official education loan service when you look at the South carolina is exploiting the connections so you can a directly affiliated warranty company for excessive taxpayer subsidies regarding the government. Concerned ‘s the guarantor’s obvious punishment of an emergency program the authorities features set up to make sure that most of the eligible students have the ability to obtain government student loans.
The fresh new federal lender-of-last-resorts system try http://paydayloanadvance.net/payday-loans-mn/roseville given from the appointed guaranty company inside per state to add bodies-recognized loans so you’re able to children whose programs have been rejected because of the other loan providers. Continue reading “EXCLUSIVE: Questionable Government Student loan Means in South carolina”