Social Sciences
4 years ago

Government Fails Students: Lack of Transparency in Federal Student Loan Program

Utah law review
Federal Student Aid: Can We Solve a Problem We Do Not Understand?
Deanne Loonin, Julie Margetta Morgan

Paper Summary

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Americans owe a lot of money in student loans, and the government is the main lender. But the student loan program is not working well. Experts are trying to fix it, but they don't really understand the problem. There is not enough information about how the program is run by the government and its contractors. More transparency is needed to figure out why the program is failing. The Department of Education's policies and practices play a big role in the program's success. Better access to information about how the program is managed is crucial for making things better for student loan borrowers.