December 5, 2008

Conference Gives Further Signs That Student Lenders Are Struggling

By Kelly Field

Arlington, Va.

Anyone looking for further proof that the student-loan industry is hurting could have found it here on Thursday at the annual student-lending conference of the Consumer Bankers Association.

Last year, 300 industry representatives filled a large conference room at a Ritz Carlton just outside Washington to hear speakers talk about the fallout from the scandal over lenders' relationships with colleges and a recent round of cuts in federal subsidies to lenders; this year, only 180

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