Senate Acts to Head Off Student-Loan Crisis

The U.S. Senate passed a bill on Wednesday that seeks to avert a shortfall in student loans, a day after President Bush urged Congress to act quickly on the legislation.

The bill, HR 5715, which the House of Representatives passed in mid-April, seeks to stem the departure of loan companies from the federally guaranteed student-loan program and reassure families that student loans will be available in the fall. More than 50 lenders have left the federal program in recent weeks,

Digital or Print Subscription

Already have an account? Log In Now.