ED Prepared to Become Student Lender of Last Resort

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ED Prepared to Become Student Lender of Last Resort
The U.S. Department of Education is notifying state agencies that it will be ready to process emergency student loans by June 1, according to a report in The Wall Street Journal today. The Journal reports that the government letter is an initial step in the DOE becoming a “lender of last resort” for student loans. The authority to provide these emergency loans was authorized by the l
 
Topic: Government & Collections