August 1, 2008
Federal Rescue Plan May Have Overlooked Nonprofit Lenders
Washington
A year ago, Congress rearranged the subsidies in the federal student-loan program in a way that was intended to give state agencies and other nonprofit lenders an advantage over their for-profit competitors. Nonprofit lenders, lawmakers reasoned, should be encouraged because they channel their earnings back to students, not stockholders.
The legislation Congress passed, however, may now be producing the opposite effect.
Just two months after the Education
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
