“ Companies that have benefited from the loan program … Education Management Corp. … InfiLaw”

Q: What do either of those have to do with the *interest rates* charged on loans?

A: NOTHING.

Indeed, they are two organizations that benefit because there is no differentiation in rates charged. If there were some sort of risk adjustment, borrowers at EMC and Infilaw campuses would be up-charged so much that the business models would collapse. And if rates were across the board lower, then the EMCs and Infilaws would do even better. That article was a completely mixed-up-metaphor.