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Bankruptcy

: Credit Slips

Bankruptcy help for students and their lenders?

By Gene Wedoff

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Yesterday, the President signed into law H.R. 5715, the ?Ensuring Continued Access to Student Loans Act of 2008.?  The law responds to a perceived liquidity crisis in student lending by allowing government purchases of privately-issued student loan portfolios, so that the lenders will have funds to re-lend. The law is characterized as a useful first step in the lead editorial of today's New York Times, but the Times urges a broader remedy: greater use of direct governmental student loans. read more

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Full post as published by Credit Slips on May 08, 2008 (boomark / email).

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