May 5, 2008

As Bush Prepares to Sign Bailout Bill, No Agreement on Whether 'Crisis' Has Ended

By Paul Basken

Washington

Fearing an election-year nightmare of students unable to find college loans, the Bush administration and Congress have moved with blinding speed, agreeing on and passing a student-loan bailout bill in less than a month.

And yet loan companies, colleges, and student-aid advocates are agreeing that the nation's student-loan "crisis"—to the degree there ever was one—won't necessarily end the moment President Bush signs the measure into law this week.

Print Subscription

Digital Subscription

Already have an account? Log In Now.