Don’t Criticize Guaranty Agencies for Following the Law

To the Editor:
In “How Ending the Two-Tiered Student-Loan System Would Help Struggling Borrowers” (The Chronicle, May 15), Ben Miller, formerly with the New America Foundation, criticizes guaranty agencies for following the law that collection costs are to be paid by the defaulted borrower rather than the taxpayer. While the article states that it is part of the paper’s “Proof” series, it ignores important facts. More...