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Congress has approved through the 2010 academic year a program that will allow college students who rely on loans to continue their educations regardless of current difficulties in the private credit market.
The Senate passed the legislation on a voice vote Sept. 17. The bill authorizes the U.S. secretary of education to buy loans from lenders …
Opinions on the impact of New York Attorney General Andrew Cuomo’s investigation into the student loan industry (which reared its head again Tuesday — see related article) vary widely. Supporters champion it as having shined a light on sleazy practices in which some lenders and colleges engaged, and as ultimately helping …