Panel is pressed to go easy on lending industry

Schor, Elana
June 2007
Hill;6/8/2007, Vol. 14 Issue 68, p4
The article reports that 14 bipartisan senators have sent a letter to the U.S. Senate Health, Education, Labor and Pensions Committee chairman Edward Kennedy requesting his party to go easy on the lending market in the U.S. Kennedy allegedly drafted a bill that would take more than $20 billion from the allocated budget for subsidies to give to private banks that lend to college students. Opposing senators have said that deducting more from the budget will limit the services offered by subsidies.


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