WASHINGTON -- Bank lobbyists appeared within striking distance Tuesday of chalking up their fist victory in the industry's long battle to save the guaranteed student loan program.

The Senate Labor and Human Resources Committee is scheduled to vote this morning on President Clinton's proposal to replace the existing program with one in which the government would lend directly to students.

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.