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Fast Facts

In FY 2003, private sector student loan providers managed a $214 billion student loan portfolio at no net cost to the federal government.

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LOAN FACTS

Student Loan Facts

The Federal Direct Loan Program has not saved money

After 10 years, the Direct Loan program has not saved a single dime. In fact, the Direct Loan program has spent $10.7 billion more on interest payments than it has collected in interest and fees.