February 28, 2008

Bernanke testifies before congress on student loan difficulty

Posted in Student Loan News at 3:06 PM by Joe From Boston


Watch this video to see what Bernanke said:

http://www.cnbc.com/id/15840232?video=666254420

A quick synopsis –  Bernanke doesn’t expect Federal loans to tank much more, but does expect some disruption in the private loan market.

A quick note – he has some of his facts wrong!!  The margin that was shrunken is actually in Federal loans, not private loans.

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