They are a critical part of the federal student loan system since they are essentially the middle man between the government and borrowers. (studentloans.net)
The solution isn't to shut students out at a financial level, as the current student loan system does. (politics.co.uk)
Not only does it discourage you from taking out student loans, but it also gives you a bad impression of the entire student loan system itself. (usstudentloancenter.org)