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CSUN University News Clippings

Lenders and guarantors offer alternatives to President’s loan-overhaul plan

(July 2, 2009)

By KELLY FIELD

Washington

With Congress poised to take up legislation to overhaul the student-loan system as early as next week, lenders and guarantors are furiously circulating alternatives to President Obama’s plan to end bank-based lending.

Some of the proposals would preserve a role for banks and other lenders in issuing student loans; others would carve out a place for nonprofit lenders and guarantors in a direct-loan system…………

For more, http://chronicle.com/

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