WASHINGTON Direct Loan Program Comes Under Fire Bankers gained an ally in their fight for the student lending market as Rep. Bart Gordon, D-Tenn., said the administration's plan to lend directly to students will result in costly defaults. If the government takes over the student lending market, it will incur much greater costs than administration officials have admitted, Rep. Gordon said.

April 10

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.