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The Department of Education noticed that for loans granted to students without any strings, the average grade point average of the students decreases dramatically over
The Department of Education noticed that for loans granted to students without any strings, the average grade point average of the students decreases dramatically over time, while the students whose loans renew only if they pass their courses tends to stay stable. This could be due to a
Group of answer choices
Adverse selection problem
Moral hazard problem
Typical college life phenomenon
None of the above
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