March 28, 2008
Congress Prepares for Student-Loan Crisis, While Declaring It Unlikely
When Nelnet, the nation's No. 2 consolidator of student loans, announced in January that it would stop making consolidation loans, members of Congress didn't seem to bat an eye.
A week later, the College Loan Corporation, the eighth-largest originator of federally guaranteed loans, followed suit and said that it would stop making such loans. Once again, there was silence from Capitol Hill.
But when the Pennsylvania Higher Education Assistance Agency announced late last month
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