February 9, 2007
Education Dept. Proposes New Regulations on Preferred Lenders and Inducements
The U.S. Education Department has drafted a package of proposed regulatory changes that, among other things, would bar colleges from recommending fewer than three lenders to students who are seeking federal loans.
The package, which was sent to members of a committee charged with crafting changes in the federal student-loan programs, will be taken up this week, when the panel convenes here for the second of three "negotiated rule-making" sessions.
In addition to requiring
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