Lenders Say Survey Was Unscientific and Imprecise

To the Editor:

The Chronicle should have consulted Mark Twain — who famously said "the reports of my death have been greatly exaggerated" — before publishing "Direct Lending Could Overtake Bank-Based Loans" (November 7).

The survey results cited in the article do not support the article's headline and supposition. For one thing, the bank-based Federal Family Education Loan Program's share of postsecondary institutions is 75 percent (4,274), according to the

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Lenders Say Survey Was Unscientific and Imprecise

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