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A comment on U of Chicago projected to be the first U.S. university to cost $100k per year. Parent comment

Re:U of Chicago projected to be the first U.S. university to... by belltaco on Monday November 04, 2019 @12:02PM (#21443649)
That will automatically happen because lending banks will do it, just like car, home and health insurance.
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Re:U of Chicago projected to be the first U.S. university to... by vonmoltke on Monday November 04, 2019 @12:06PM (#21443706)
There are no lending banks. The money comes directly from the Department of Education.
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Re:U of Chicago projected to be the first U.S. university to... by dredmorbius on Monday November 04, 2019 @05:08PM (#21447073)
There are both US-government, and nongoverment private bank, student loans, in the US.
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Re:U of Chicago projected to be the first U.S. university to... by vonmoltke on Monday November 04, 2019 @05:36PM (#21447381)
Which are not guaranteed by the government. When speaking of government-backed student loans, which this discussion is, there are no banks.
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Re:U of Chicago projected to be the first U.S. university to... by dredmorbius on Monday November 04, 2019 @06:53PM (#21448099)
OK. That's confusing, and some brief DDGing finds a bit of a mess.

Got any recommended references?

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Re:U of Chicago projected to be the first U.S. university to... by vonmoltke on Monday November 04, 2019 @07:30PM (#21448363)
The relevant Wikipedia article to start: https://en.wikipedia.org/wiki/Student_loans_in_the_United_St...

The relevant paragraph:

> Prior to 2010, Federal loans included both direct loans—originated and funded directly by the United States Department of Education—and guaranteed loans—originated and funded by private investors, but guaranteed by the federal government. Guaranteed loans were eliminated in 2010 through the Student Aid and Fiscal Responsibility Act and replaced with direct loans because of a belief that guaranteed loans benefited private student loan companies at taxpayers expense, but did not reduce costs for students.

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Re:U of Chicago projected to be the first U.S. university to... by colejohnson66 on Monday November 04, 2019 @12:47PM (#21444173)
Even a student loan from Wells Fargo?
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