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Student Loan Loophole a Billion-Dollar Boon for Lenders

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Student Loan Loophole a Billion-Dollar Boon for Lenders

Education

Student Loan Loophole a Billion-Dollar Boon for Lenders

Student Loan Loophole a Billion-Dollar Boon for Lenders

  • Download
  • <iframe src="https://www.npr.org/player/embed/3935843/3935844" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR's Anthony Brooks reports on a loophole in federal law regulating student loans that is allowing some lenders to earn billions of dollars in profits through high interest rates guaranteed by the federal government.