Most notably Sallie Mae, which has a history of cheating students, bribing college financial aid officers, and contributing generously Congressional campaigns.
As Matthew Yglesias notes, the college lending giant's "compromise", would waste $17 billion a year as compared to direct loans.
Luckily, Obama can eliminate much of the fraud, waste, and abuse, by which I mean much of the private players in the student loan market, through executive orders, as well he should.
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