Nov. 21
Battling Over Bailout for Private Student Loans

Full article at link: http://insidehighered.com/news/2008/11/21/bailout

[quote]On Thursday, a chorus of other higher education groups, representing students, consumers and some colleges, weighed in strongly on the other side. In their own letter to Paulson, the groups — which did not reference the NASFAA letter but seemed clearly intent on rebutting it — vociferously discouraged the government from helping providers of private loans. (The signers were the American Association of Collegiate Registrars and Admissions Officers, the American Association of State Colleges and Universities, Campus Progress, Consumers Union, the National Consumer Law Center, the Project on Student Debt, National Association for College Admission Counseling, U.S. Public Interest Research Groups, and the United States Students Association.)

“Most students and families do not use private student loans to pay for college, nor should they,â€