March 13, 2009

Colleges Should Fear Government-Loan Proposal

To the Editor:

After reading Jim Wolfston's Point of View — "Let's Kick the Lenders Out of the Student-Loan System" (The Chronicle, February 27) — I was surprised by its headline. A more appropriate headline would have been "Let's Kick Schools Out of the Student Loan System."

For 43 years, the higher-education loan community has provided more than $650-billion to tens of millions of students. But the more important contributions of guaranty agencies,

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