President Clinton scolded the banking industry last week for lobbying Congress to eliminate his direct student loan program.

In a roundtable discussion last week with students at Southern Illinois University in Carbondale, Ill., the president said the banking industry is putting profits ahead of what's best for 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.