Birdwatch Note Rating
2024-04-10 14:53:53 UTC - HELPFUL
Rated by Participant: 93A33E1C2F1D04A09EFF08E6A860F794297BEA0607EF9874B4A711CF16ADCEF9
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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