November 2, 2007
Education Department Issues New Student-Loan Regulations
The Education Department on Thursday issued long-awaited regulations governing student loans, covering relationships between colleges and lenders, and— perhaps as important— between state and federal authorities.
The regulations, which take effect in July, come at the end of a year marked by investigations into the nation's $85-billion-a-year student-loan industry, led by New York State's attorney general, Andrew M. Cuomo.
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