August 30, 2004
Money For Nothing
Robert Shireman and James Kvaal
Student Loan Watch
The Institute's first major publication, Money For Nothing, brought national attention to the practice of "recycling" student loans with a guaranteed 9.5 percent interest subsidy. Until public attention was focused on this abuse, some lenders were collecting over a billion dollars a year in payments from the U.S. Treasury that have since been deemed inappropriate.
Read the report
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