WASHINGTON -- The Senate's education panel appeared divided yesterday over whether to approve President Clinton's plan for scrapping the federal Guaranteed Student Loan Program, which would end the need for tax-exempt student loan bonds.

During a hearing on the proposal, only four members of the 17-member Senate Labor and Human Resources Committee said they want to move ahead immediately with the plan, which would replace the current student loan system with one in which colleges would make and service the loans.

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