So far dozens of lenders have left the federal student loan program, though where that has happened other lenders have stepped in or students have turned to a smaller program in which the Education Department makes loans directly to students.
Students are starting to put together financing plans for the fall semester now.
California Democratic Rep. George Miller, chairman of the House education committee, said in a statement that the offer to lenders is sound.
"Our goal is to ensure that students and families continue to have uninterrupted access to the federal college loans for which they are eligible," he said. "To this end, it's important that lenders be able to continue to participate in the federal student loan program."
Click here to post and read comments
© Copyright 2005 by DiverseEducation.com
