“The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.
Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American.”
See: http://seattletimes.nwsource.c…..sight.html
On top of that, “[m]any of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other banks, according to a new report from the special inspector general overseeing the government's financial rescue program.”
See: http://seattletimes.nwsource.c…..arp20.html
So… how is it still legal for Banks to require me to pay back student loans?