Taxpayers are already on the hook for these loans as they are federally subsidized.
If you know anything about government accounting it's one part of government "paying" a different part of government. Basically, Treasury sends $10k to the Dept of Education. The pockets change but it's the same pair of pants.
Taxpayers are already on the hook for these loans as they are federally subsidized.
If you know anything about government accounting it's one part of government "paying" a different part of government. Basically, Treasury sends $10k to the Dept of Education. The pockets change but it's the same pair of pants.
Taxpayers are already on the hook for these loans as they are federally subsidized.
If you know anything about government accounting it's one part of government "paying" a different part of government. Basically, Treasury sends $10k to the Dept of Education. The pockets change but it's the same pair of pants.
As far as the taxpayer goes nothing changes.