Student Lenders Tiptoe Back To Market With Government Bailout (CNN)
"School's out for summer, but some lenders are just getting back to campus," CNN Money reports. "After abandoning the Federal Family Education Loan Program over the past few months, a number of companies are reconsidering whether they can make a profit from the government-backed loans now that the feds have promised a liquidity infusion into the struggling market. Some lenders are still unmoved, as indicated by the recent decision by Citigroup's (C) Citibank to withdraw support from a number of two-year institutions. But many of the other 102 companies that scaled back or withdrew from FFELP are expected to at least consider coming back for the 2008-2009 academic year."
You can read the complete June 4, 2008 CNN Money article on-line.
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