October 12, 2001

Lenders and Student Advocates Seek a Deal on Interest Rates

By STEPHEN BURD

After spending much of the year at each other's throats over how to resolve an impending crisis in the guaranteed-student-loan program, advocates for students and lenders are working together to find an acceptable solution before Congress recesses for the year.

But the success of the groups' efforts appears to hinge on their ability to persuade Rep. Howard P. (Buck) McKeon, the California Republican who heads the House of Representatives subcommittee that handles higher-education

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