May 10, 2002
Under Fire, White House Drops Loan-Consolidation Plan
The Bush administration was forced to do an about-face last week, after a proposal it had made to restrict student-loan borrowers from consolidating their loans at a low, fixed interest rate ran into a firestorm of criticism from advocates for students, college lobbyists, Democratic lawmakers, and even some Republicans in Congress.
The White House withdrew the proposal just a few days after offering it, amid complaints that the plan would deny borrowers in the federal student-loan
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
