: The U.S. federal student loan story began with the National Defense Education Act (NDEA) , a response to the Soviet launch of Sputnik. Loans were originally restricted to "essential" fields like engineering and science.
: The Student Loan Marketing Association (Sallie Mae) was formed to create a secondary market for student loans, significantly scaling the available capital. The Private vs. Public Divide student bank loans
: Disproportionately high at for-profit colleges—reaching 52% over 12 years at some institutions. : The U
: Loans are typically written off 25 years after the first repayment date if not settled. student bank loans