November 4, 2005

Report Assesses Cost of Direct Loans

By KELLY FIELD

Direct lending to college students has cost taxpayers more than originally forecast, but it still costs five times less per loan than guaranteed lending, according to a Government Accountability Office report released belatedly last week by the Republican chairman of the House of Representatives' education committee.

The report, which was commissioned by the panel's chairman, Rep. John A. Boehner, a year ago, was completed on September 29 but kept under wraps until the day before his

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