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Without accurate information, many students apply ( or even commit ) to a college or university without complete information on how much it will cost them to attend. This stops students from knowing whether the institution, state, or federal government would be awarding the aid. All of these proposed steps are in the right direction.
Reassigning student loans to the SBA may sound like a bureaucratic shuffle, but it would radically disrupt a system built on decades of student aid policy expertiseand leave borrowers with no place to turn for assistance. The Federal Student Aid (FSA) office is not just a loan servicer. There is no evidence they couldor would.
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