Department of Education initiative isn’t a fix-all

Hoping to quell the student loan crisis, the government last month passed legislation that allows the Department of Education to buy out loans from lenders. This frees up funds for many lenders so they can continue making loans. While this is a short-term solution (the buy-out runs through July 2009), some say it will help students get the funding they need for this year. Find out how this new move could affect your loans.

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