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by lotsofpulp 1374 days ago
> The idea of banks having a risk free loans never really made sense to me...

They do not since 2010:

https://en.wikipedia.org/wiki/Health_Care_and_Education_Reco...

> Ending the process of the federal government giving subsidies to private banks to give out federally insured loans. Instead loans will be administered directly by the Department of Education.[23]