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Federal Budget Deal Bodes Ill For Nonprofit Student-Loan Servicers

12 December 2013 5 views No Comment

“The budget deal that Congress struck this week is good news for students and researchers, who would be spared the worst of the automatic spending cuts set to take effect in January. But it’s bad and potentially fatal news for nonprofit lenders, who have struggled to redefine themselves since Congress ended the guaranteed-student-loan program three years ago,” The Chronicle of Higher Education reports.

Read the whole article originally published in: Todays News Feed.

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