Student Lending Bill Passes in Congress

In an effort to avert a potential student-lending crisis, the House of Representatives passed the HR 5715 bill on April 17, to guarantee students and their parents continued access to federal student loan programs.
According to The Chronicle of Higher Education, “More than 50 lenders have left [the] program in recent weeks, amid a credit crunch that has rippled across the financial sector, making many types of lending less profitable.”