Isn’t it astonishing that the main drivers of “College and Career Readiness…aka…Common Core” are loan companies who sell student debt into securities and also serve as vehicles for the mega-rich to get tax deductions – the same mega-rich who want common core, tests, for-profit charter schools, AVID, etc.
“Sallie Mae or SLM Corp (SLM), a former state-owned enterprise, is the main private lender for student loans. Sallie Mae makes loans that aren’t backed by the government and packages the loans into securities, which are sold in tranches (or segments) to investors.”
Read more at Investopedia: Student Loan Asset-Backed Securities: Safe or Subprime?