Lenders Mislead in Battle Over Cost of Direct Lending, Budget Experts Say

Tables: Summary of the arguments for direct lending and for guaranteed loans

Article: Direct Lending in Distress

Student-loan-industry officials have been waging a campaign to discredit their competition: the federal program in which the U.S. Education Department provides loans directly to students through their colleges.

Their aim is to debunk long-held assumptions that the direct-loan program is less costly for

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