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Blumenstyk, Goldie – Chronicle of Higher Education, 1990
State low-interest college loans programs for middle-class families have emerged in response to restrictions on federally subsidized Stafford Loans. The key difference between federal and state programs is that most state programs require student borrowers and cosigners to prove good credit risks, reducing loan default and making the programs…
Descriptors: Higher Education, Interest (Finance), Loan Default, Loan Repayment