Published on OurFuture.org (http://www.ourfuture.org)
Student Loan Bill Passes House
By OurFuture.org Staff
Created 04/18/2008 - 7:02am

Source URL: 
http://www.washingtonpost.com/wp-dyn/content/article/2008/04/17/AR2008041702268.... [1]
Article Publication Date: 
04/18/2008

The House, trying to avert a looming shortage in available student loans, approved a measure allowing the Department of Education to buy federally guaranteed loans that lenders are unable to sell to private investors. The action is intended to address a crisis in the market that has forced Reston-based Sallie Mae, Citigroup's Student Loan subsidiary and about 50 other lenders to stop writing some forms of student loans.

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[1] http://www.washingtonpost.com/wp-dyn/content/article/2008/04/17/AR2008041702268.html