"Governor Steve Beshear announced Friday that the state has finalized the deal to provide the state's only public nonprofit student loan provider $50 million with which to make student loans during the 2008-2009 school year," the News-Democrat & Leader reports. "On August 15, Gov. Beshear announced that the state would purchase a bond from the Kentucky Higher Education Student Loan Corporation (KHESLC) to provide short-term bridge financing for student loans. Recently, the deal received final approval from the State Property and Buildings Commission and the Capital Projects and Bond Oversight Committee."