Secretary of Education Margaret Spellings defends her oversight of the student loan industry in a hearing before the House Education and Labor Committee.
Congressional Democrats say the administration has been asleep at the switch, while lenders have been paying universities large sums in exchange for a cut of the lucrative student loan business.
The House has passed legislation meant to root out conflicts of interest in the industry.
Copyright 2022 NPR. To see more, visit https://www.npr.org. 9(MDAzMjM2NDYzMDEyMzc1Njk5NjAxNzY3OQ001))
