May 2, 2008
House of Representatives OKs Student-Lending Bill
The U.S. House of Representatives in April approved legislation aimed at averting a crisis in student lending.
The bill (HR 5715), which passed by a vote of 383 to 27, seeks to stem the departure of loan companies from the federally guaranteed student-loan program. More than 50 lenders have left the program in recent weeks as a result of a credit crunch that has rippled across the financial sector, making many types of lending less profitable.
To encourage lenders to remain in
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Peer Review
-
Academic Assets
-
Teaching
