Chile government seizes bank funds from student loan defaulters

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June 17 (UPI) -- Thousands of Chileans who financed their university studies through state-backed student loans are facing the seizure of funds from their bank accounts over unpaid debts, a measure that has sparked controversy over the methods being used by the government of President José Antonio Kast to recover public resources. The State-Guaranteed Student Loan program, known by its Spanish acronym CAE, was created in 2005 to allow students to obtain loans from private banks backed by a

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