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