Birdwatch Note Rating
2024-04-09 18:20:06 UTC - HELPFUL
Rated by Participant: E36A18CC36E4B088CCA3755A21EA34CCB28AE0B59D7709ADC377EE22862F93C2
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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