Student Loan Crisis | President Bush Speaks
April 28, 2008 8:52 am Consolidate Student Loans, Federal Student Loans, Financial Aid, Private Student Loans, Student Loan Consolidation, Student LoansPresident George W. Bush Speaks On The Brewing Student Loan Crisis
In his weekly radio address, President Bush spoke about the brewing
crisis in the student loan markets. WATCH VIDEO
In his address he mentioned the “Lender of Last Resort Program” for
student who cannot secure funding for college. He further mentioned
the need for the ability of the govenment to step in and buy the loans
when necesarry to provide liquidity to the system.
He also signaled to the Senate get something started, as the House of
has already passed the ”Insuring Continuing Accessing Student Loans
Act” and the Senate has yet to act on the issue.
The Presdent would need a bill on his desk, before June 1, 2008 to avoid
any major problems with loans for the September Semester.
April 28th, 2008 at 10:12 am
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April 28th, 2008 at 8:46 pm
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April 28th, 2008 at 9:38 pm
[…] Deepak Kulkarni wrote an interesting post today onHere’s a quick excerptPresident George W. Bush Speaks On The Brewing Student Loan Crisis In his weekly radio address, President Bush spoke about the brewing crisis in the student loan markets. In his address he mentioned the “Lender of Last Resort Program” … […]