WASHINGTON - President Clinton's plan to eliminate the federal Guaranteed Student Loan program, which would end the need for tax-exempt student loan bonds, may not have the votes to pass in the Senate, an education lawmaker said yesterday.

"I think we're going to have a close vote" in the Senate Labor and Human Resources Committee and on the Senate floor on Clinton's plan to switch to a system of direct loans made and serviced by colleges, Sen. Paul Simon, D-Ill., told reporters. "There's likely to be a very real battle on this."

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