"A bill cleared by Congress earlier this year to ensure student loan availability in the short term was widely accepted as just enough to avert a major crisis," Congressional Quarterly reports. "But with financial markets still cool and the mechanisms of the new and complicated program yet to be tested, any hiccups this month or in early September - the height of loan season - could spur further congressional action. 'We're praying it works, but everything, all the good news that we have right now could be reversed in part as we get through August,' said Larry Zaglaniczny, director for congressional relations at the National Association of Student Financial Aid Administrators. Zaglaniczny is quick to note that his organization is currently just monitoring the situation and not actively advocating for more legislation. But he and others in the field of providing, facilitating and monitoring the student loan market are on high alert as the newly created program is tested."