Lobbying Imperils Overhaul of Student Loans (New York Times)
5 February 2010
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“Four months ago, it appeared all but certain that the White House and Democrats in Congress would succeed in overhauling the student loan business and ending government subsidies to private lenders,” New York Times reports. “But an aggressive lobbying campaign by the nation’s biggest student lenders has now put one of the White House’s signature plans in peril, with lenders using sit-downs with lawmakers, town-hall-style meetings and petition drives to plead their case and stay in business. House and Senate aides say that the administration’s plan faces a far tougher fight than it did last fall.”
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