<p>
</p>
<p>From a practical matter, since the Dept of Ed has taken over responsibility, few/no banks offer educ loans today anyway; its a moot point. (The banks that do offer private loans require a parental co-signer and credit check.)</p>
<p>
</p>
<p>Dunno about ObamaCare, but all cash is fungible. More importantly, the profits – such as they are - from the now federal lending is being plowed back into financial aid in the form of Pell Grants. Essentially, borrowers, particularly Grad borrowers, are paying a higher rate to offset the cost of the Pell grants.</p>