The Subprime Loans for College Hiding in Plain Sight

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At the time, you could borrow only $3,000 per year. In 1992, that cap went away, thanks, it seems, to a successful push by a higher education lobbying association, according to a report from the Urban Institute report in 2019. And, as college costs escalated, and schools included information about PLUS loans in a growing number of financial aid notifications that they sent to families, more of th...

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