One should bear in mind that most of those student loans used money from Sallie Mae, a tax-funded government corporation for student loans (like Freddie Mac is for home mortgages) and sold using the notion that said student would have a job that would pay enough to cover the principal and the interest. For many of them, that didn’t happen.
One should bear in mind that most of those student loans used money from Sallie Mae, a tax-funded government corporation for student loans (like Freddie Mac is for home mortgages) and sold using the notion that said student would have a job that would pay enough to cover the principal and the interest. For many of them, that didn’t happen.