Last year, students took out more than $85 billion in federal and private loans to pay for higher education.
American students last year took on about $86 billion in loans to pay for education.
And the bank said it would no longer record any interest on that $800 million in loans.
Currently, the company has about $10 billion in commercial loans on its books.
Do you favor giving these countries a break in their loans?
The agreement would provide $17.1 billion in additional loans over the next two years.
California gave the district $19 million in loans and the schools stayed open.
The deal also provides Mexico with $1.5 billion in new loans over four years.
The company also reported a 10 percent decline in average loans from a year ago to $23.86 billion.
Since 1978 we have advanced $100 million in such loans.