April 18, 2008
U.S. House Approves Bill to Head Off a Potential Crisis in Student Lending
Washington
Acting with uncharacteristic swiftness, the U.S. House of Representatives on Thursday approved legislation aimed at averting a crisis in student lending.
The bill (HR 5715), which passed by a vote of 383-27, seeks to stem the departure of loan companies from the federally guaranteed student-loan program. More than 50 lenders have left that program in recent weeks, amid a credit crunch that has rippled across
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