WASHINGTON -- Citing a Congressional Budget Office analysis, the Consumer Bankers Association is urging the Clinton administration to drop its proposal for direct government lending to college students.

Earlier this week, the CBO said that when administrative costs are accounted for, the White House direct-lending proposal would reduce costs by $2 billion, rather than the $4.3 billion originally projected.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.