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.

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