Birdwatch Note Rating
2024-04-09 20:05:57 UTC - HELPFUL
Rated by Participant: 34D02B55FAA9B9B94F523715584391DB66A95E532EE5B066C684313C19EF50C9
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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