"Responding to concerns that the recent withdrawals of some lenders from the student-loan market could make it harder for students to obtain private loans next fall, Sen. Edward M. Kennedy is preparing to offer legislation to expand eligibility for federal student loans, an aide to the Massachusetts Democrat told the Career College Association at a forum here on Tuesday," reports The Chronicle of Higher Education. "Mr. Kennedy, who is chairman of the Senate education committee, is expected to announce his plans at a hearing next Monday in Boston on the topic of the credit crunch and loan availability. But Mr. Kennedy's plan, whatever it may be, could run into a roadblock in the House of Representatives, where lawmakers are bound by a 'pay as you go' rule that requires them to offset any new spending with comparable cuts."