GAO Study: Close Student Debt Loophole

Barnett, Susanna Duff
September 2004
Bond Buyer;9/28/2004, Vol. 349 Issue 31978, p4
Trade Publication
Reports on the recommendation of the U.S. Government Accountability Office for Congress to address the loophole that allow lenders to take advantage of interest rates in student loans in the U.S. Factor that prompted Congress to allow the 9.5 percent guaranteed return for student loans; Tendency of lenders to find ways of legally taking advantage of the guaranteed rate; Amount of tax-exempt student loan bonds issued between 1983 and 1993.


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