Direct Lending Takes Center Stage at Aid Administrators' Meeting

The charges against the president of the National Association of Student Financial Aid Administrators, Philip R. Day, may be getting a lot of press these days, but at the group’s annual meeting here, members seem more preoccupied with what President Obama is planning than what their own organization’s president did, or didn’t, do.

Sure, there’s been gossip in the halls about Mr. Day’s indictment and

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