Secretary of Education, Margaret Spellings, announced a plan, on Wednesday, that commits the federal government to buy college loans for the upcoming school year as well as ensure that students will have access to financing, despite troubled credit markets. Experts agree that the move will work to significantly stabilize the college student loan market.
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http://www.nytimes.com/2008/05/22/education/22loan.html?_r=1&ref=education&oref=slogin
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