March 14, 2008
Lenders May Have Compounded Their Losses in Student-Loan Market
As soon as Democrats won control of Congress in 2006, student-loan-industry leaders voiced concerns about the ramifications of the party's promised revival of government-run lending.
Just over a year later, the private lenders' market position has indeed been weakened. Congress cut subsidies to private lenders while tightening rules on how they operate. More than a dozen lenders have already announced that they are leaving or scaling back their participation in the federally
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