NYT - "Banks and the College Loan Loophole"

And I thought faceless banks like Wells Fargo abused the student loan system through abominations like the single lender rule! Turns out they've also got a nice Congress-endorsed loophole that nets them billions of dollars in taxpayer money by charging the government rates three times the going one on student loans, in very particular circumstances.

How like our government to turn a system of financial aid designed to encourage and support education into just another way for megabanks to screw over their customers and the taxpayers.