AP WASHINGTON - President Bush said Saturday that the credit crunch is threatening the availability of student loans. He said his administration is doing what it can to help with emergency loans but prodded Congress for authority to do more."A slowdown in the economy shouldn't mean a downturn in educational opportunities," Bush said in his weekly radio address.
He voiced support for a House-passed bill that would grant the Education Department greater temporary authority to provide loans to students unable to secure ones from banks or other lenders. A similar measure by Sen. Edward M. Kennedy, D-Mass., is pending in the Senate.
The president urged Congress to get the legislation to his desk "as soon as possible."
"A delay of even a week or two may make it impossible for this legislation to help students going to school this fall," Bush said.
Is it possible to grow a soul overnight? Not sure of that. Whatever the reason for his sudden good sense, I applaud it. After all, education is the key to our future. We need to make sure that every American who wants a college education is able to obtain one. Otherwise, where would pictures like this come from?
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