What's striking to me about this story is that basic facts about the student loan program are being covered as news--that students have a choice of lenders, for example, or that lenders are insured by guarantee agencies and in turn by the federal government.
People don't understand this stuff, because it's demonically complicated, and that may be the biggest way that students suffer.
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Its a good thing that MyRichUncle is focusing on that. We should really thank Raza Khan, President and Vishal Garg, CFO of the company. They are on the cutting edge.
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