Bringing private lenders back into the federal student loan program has been a staple of the Republican platform since the Obama administration kicked banks, credit unions and other financial firms out. The Education Department is now the sole originator of the federal loans. Talk of resurrecting the old bank-based model has reached a fever pitch since the GOP retook the White House, but a pair of new papers argue it is not a solution to problems with the loan program.
Read more at The Washington Post: https://www.washingtonpost.com/news/grade-point/wp/2017/02/15/the-argument-against-bringing-banks-back-into-federal-student-lending/