TITLE

Bush Budget Hits Student Lending; GSE Tone Softens

AUTHOR(S)
Blackwell, Rob; Kaper, Stacy; Adler, Joe
PUB. DATE
February 2007
SOURCE
American Banker;2/6/2007, Vol. 172 Issue 25, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a new legislative bill proposed by U.S. President George W. Bush that will cut student lender subsidies by nearly $15 billion. The Bush administration fiscal 2008 budget called for steeper cuts than a similar bill passed by the U.S. House of Representatives in January 2007. The proposed bill could cause some student lenders to exit the market. Details on the content of the bill are included in the article.
ACCESSION #
23904743

 

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