Federal student loans by the numbers


Rep. Ron Paul, R-Texas, is suggesting the Department of Education should be dissolved in an effort to save money towards the federal deficit, Yahoo! News reports. As such, Paul wants to eliminate the federal student loan program if he is elected president. He told Sunday talk shows today that he would eventually phase out federal student loans. Millions of American students take out loans to go to college. Here is a look at the massive amount of statistics regarding these low-interest loans, by the numbers…

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