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How Guaranty Agencies Earn Their Money

How Guaranty Agencies Earn Their Money
July 6, 2009

An analysis of student loan guaranty agencies' budgets by the New America Foundation has found that 60.5 percent, or $948.8 million, of the federal payments agencies received in the 2008 fiscal year were for the collection and rehabilitation of defaulted student loans. In contrast, they received only $177.3 million for helping to prevent defaults.

 

 

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