Birdwatch Note Rating
2024-04-09 16:38:36 UTC - HELPFUL
Rated by Participant: 21994BC8806BF932BECEF87DB7C76FF97330F23238B3978D7F5D73CF3DC675A7
Participant Details
Original Note:
Banks stopped managing student loans in 2010. The Health Care and Education Reconciliation Act required all federal student loans to be offered directly by the government effectively eliminating the role of banks and private institutions in the federal student loan process. https://en.wikipedia.org/wiki/Federal_Direct_Student_Loan_Program
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