February 28, 2008
Spellings Seeks to Reassure Colleges as Pheaa Joins Student Lenders Who Are Scaling Back
Education Secretary Margaret Spellings is moving to reassure colleges on the availability of student-loan money following the withdrawal of another major lender, Pennsylvania's state-controlled agency, from the federally guaranteed loan market.
The Pennsylvania Higher Education Assistance Agency, or Pheaa, announced its withdrawal on Tuesday, joining the College Loan Corporation, Nelnet, and Sallie Mae among the lenders that in recent weeks have either left the federal program
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