September 29, 2008

Federal Bailout Compromise Leaves Room for Student-Lender Assistance

By Paul Basken

Washington

Congressional negotiators, in reaching terms this past weekend for a proposed $700-billion bailout of the banking industry, have retained language that could be used to help struggling student-loan providers.

Leading lawmakers announced the compromise early Sunday, after a late-night negotiating session prompted by President Bush’s plea for urgent action to avert a nationwide financial crisis.

The

Print Subscription

Digital Subscription

Already have an account? Log In Now.