Secretary Margaret Spellings testified before the House Committee on Education and Labor that, "Federal student aid will continue to be available." She went on to explain that though a "small number" of lenders have stopped making loans, "other lenders have stepped in to meet student needs." Critics have often pointed out that tight credit markets make it much more difficult for students and their families to find willing lenders, as investors have proved reluctant to buy securities backed by student debt.
Read the entire article at:
http://www.nytimes.com/2008/03/15/education/15educ.html?_r=1&ref=education&oref=slogin
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment