May 2, 2003
Congress Should Freeze Federal Loan Limits, Report Says
About half of the students who go outside of the federal loan programs and borrow private-label loans take on the debt unnecessarily, according to a report this month by the State Public Interest Research Groups' Higher Education Project.
The report, "Private Loans: Who's Borrowing and Why," challenges a central argument of college officials and lobbyists who are pushing lawmakers to raise the limits on what students can borrow from federal loan programs. "There are only a small number
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