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Private Student Loan Providers Draw Fire

Student groups oppose use of bailout funds for unregulated lenders

By Kevin Spak, Newser Staff

Posted Nov 28, 2008 3:20 PM CST

(Newser) – Private student lenders deserve no part of the Treasury’s $200 billion consumer lending program, student advocacy groups say. They charge that the largely unregulated industry preys on young borrowers with risky variable-interest loans, the Washington Post reports. “A bailout for the providers of... Read full story »

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Private Student Loan Providers Draw Fire

Student groups oppose use of bailout funds for unregulated lenders

student loans • Henry Paulson • student loan reform • George Miller • bailout

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More Newser Stories

Debt Collector on Student Loans Made $454K in a Year

With more people defaulting, business is brisk

Obama Slow-Jams the News on Fallon

President makes a play for young voters

Student Loan Debt Passes $1T

Figure much higher than expected

Ron Paul: Let's Kill Federal Student Loans

Says government's driving up college tuition, needs to get out of lending business

Student Loan Debt to Hit $1T This Year

...that's more than Americans owe on their credit cards

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