[Publib] Student Loans

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April 15, 2007
New York Times
 
Lenders Sought Edge Against U.S. in Student  Loans 
By _JONATHAN D. GLATER_ 
(http://topics.nytimes.com/top/reference/timestopics/people/g/jonathan_d_glater/index.html?inline=nyt-per)  and _KAREN W. ARENSON_ 
(http://topics.nytimes.com/top/reference/timestopics/people/a/karen_w_arenson/i
ndex.html?inline=nyt-per) 
 
In a fierce contest to control the student loan market, the nation’s banks  
and lenders have for years waged a successful campaign to limit a federal  
program that was intended to make borrowing less costly by having the government  
provide loans directly to students. 
The companies have offered money to universities to pull out of the federal  
direct loan program, which was championed by the Clinton administration. They  
went to court to keep the direct program from becoming more competitive. And  
they benefited from oversight so lax that the Education Department’s 
assistant  inspector general in 2003 called for tightened regulation of lender 
dealings  with universities. 
See:  _http://www.nytimes.com/2007/04/15/education/15direct.html?hp_ 
(http://www.nytimes.com/2007/04/15/education/15direct.html?hp)  
M. McGrorty




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