April 10, 2008

House Bill Seeks to Prevent -- and Prepare For -- a Crisis in Student Lending

By Kelly Field

Aiming to avert a crisis in student lending, the U.S. House of Representatives education committee on Wednesday unanimously approved legislation designed to inject liquidity into the student-loan market and reduce borrowers' dependence on private loans.

The bill, which is similar to legislation introduced in the Senate last week would raise borrowers' limits on federal Stafford loans by $2,000 a year, while making federal PLUS loans available to parents who are delinquent on

Print Subscription

Digital Subscription

Already have an account? Log In Now.