(Reuters) - The vote signalled that the $85 billion, student-loan
industry is likely headed for a major overhaul this year which
industry analysts predicted would squeeze large lenders'
profits and chase smaller ones from the sector.
The education committee's bill must now go to the full
House for consideration. Democrat George Miller, the bill's
author and education committee chairman, said. Action is not
expected before the July 4th holiday.
Read more at Reuters.com Bonds News
industry is likely headed for a major overhaul this year which
industry analysts predicted would squeeze large lenders'
profits and chase smaller ones from the sector.
The education committee's bill must now go to the full
House for consideration. Democrat George Miller, the bill's
author and education committee chairman, said. Action is not
expected before the July 4th holiday.
Read more at Reuters.com Bonds News
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