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Obama Student Loan Plan Wins Support in House

Jul. 11, 2009
The plan, which would end the role of banks in federal student loans, faces strong industry opposition.
Related Stories from UPI.com

Key official endorses student loan plan

WASHINGTON, July 10 (UPI) -- The chairman of the U.S. House Education Committee announced Friday he will support President Barack Obama's plan to federalize all student loans.
Obama: Cut banks out of student loans

Obama: Cut banks out of student loans

WASHINGTON, April 24 (UPI) -- President Barack Obama announced plans to make college more affordable, including cutting the role of banks as middlemen in the U.S. student loan program.

Lenders oppose changes to student loans

WASHINGTON, April 13 (UPI) -- Private U.S. lenders are rallying to save the subsidized student loan program that U.S. President Barack Obama has threatened to end.

Student advocates unhappy with bailout

WASHINGTON, Nov. 28 (UPI) -- Student advocacy groups warned U.S. Treasury Secretary Henry Paulson Jr. that a new program to support private student loans could hurt borrowers.

Spellings promotes access to student loans

WASHINGTON, Nov. 20 (UPI) -- The U.S. Education Department is working to ensure student access to federal loans during the financial crisis, Secretary Margaret Spellings said Thursday.

Departments work to assure student loans

WASHINGTON, Oct. 10 (UPI) -- The Bush administration is working to ensure the student loan market is viable during the U.S. financial crisis, the Treasury and Education departments said.

Hedge funds studying student loans

WASHINGTON, April 17 (UPI) -- Hedge fund managers are turning their attention to congressional attempts in Washington to fix the struggling student loan business, analysts said.

Lender drops federal student loan program

HARRISBURG, Pa., Feb. 28 (UPI) -- A leading student loan agency in Pennsylvania said Thursday it will stop making federally guaranteed loans.

Lenders announce better student loan rates

WASHINGTON, May 16 (UPI) -- Three major U.S. lenders -- Sallie Mae, Nelnet and College Loan Corp. -- announced they plan to up student loan discounts to offset industry competition.

Colleges paid to ignore student loan plan

WASHINGTON, April 15 (UPI) -- Recent investigations into the U.S. student loan industry have found that private lenders paid universities to leave the government's student loan program.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler