Birdwatch Note Rating
2024-04-09 16:00:57 UTC - HELPFUL
Rated by Participant: E2AC79F2CC1804AC4F12371E2EB834F2AF755E9F7D8E49AF5BD3E8A0B4B4A3EF
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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