Meanwhile, while the interest in degree expanded, therefore did university will cost you, whenever you are revenue didn’t keep pace. Therefore for the 1972, President Richard Nixon performed a couple of things: The guy lengthened an effective federally funded grant system to have low-income college students, and that became referred to as Pell Give, in which he composed an entity titled Sallie Mae which used Treasury money to find right up college loans of finance companies. [Read more…]