in 1972, what association made borrowing money to attend college much easier than it had been?

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17-08-2022
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in 1972, what association made borrowing money to attend college much easier than it had been?

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Martebi Martebi · Answer 1 · 2022-08-19T18:50:21+02:00

in 1972, the association that made borrowing money to attend college much easier than it had been is Student Loan Marketing Association.

What is this association about?

The government is said to be one that often repay loans if students were known to have defaulted.

Hence, later it was said to be known as Stafford Loans. And as the act was said to be reauthorized in 1972, it created the Student Loan Marketing Association (known to be called Sallie Mae).

This is seen as a government-sponsored enterprise (GSE) that is known to be intended to help in the liquidity in the loan market.

Hence, in 1972, the association that made borrowing money to attend college much easier than it had been is Student Loan Marketing Association.

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