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Home / News Stories / Banks on verge of losing student lending business (access required)

Banks on verge of losing student lending business (access required)

WASHINGTON (AP) — Banks and other private lenders are about to lose a $70 billion-a-year student loan business, part of a massive overhaul of college assistance programs that has received an unexpected boost from President Barack Obama’s health care success. Industry lobbyists have watched helplessly as Democrats and the Obama administration appear on the verge of ...

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