Birdwatch Note Rating
2024-04-09 22:42:33 UTC - HELPFUL
Rated by Participant: 28E025325C40497F6734430016E8CA85EF7DAC8174AEA828B4E2FCC945C3CA27
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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