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Financial Aid in the News

Kentucky: Bond Rescues Student Loan Program (The Courier-Journal)

"A college loan program that was to run out of money yesterday has gotten a bailout from the state, ensuring tuition money for thousands of Kentucky students about to start the fall semester," The Courier-Journal reports. "Gov. Steve Beshear said the state will generate money for the loans by buying a $50 million bond from the Kentucky Higher Education Student Loan Corp., the state's nonprofit student-loan provider, commonly referred to as The Student Loan People. The announcement of the so-called 'bridge loan' came on the same day that officials at the agency had said they would run out of money for student loans because of turmoil in U.S. credit markets."

You can read the complete August 16, 2008 Courier-Journal article on-line.

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