April 11, 2008

DODD TO HOLD HEARING ON IMPACT OF CREDIT CRUNCH ON STUDENT LOAN MARKET

WASHINGTON, DC – Senator Chris Dodd (D-CT), Chairman of the Senate Committee Banking Committee and senior Democrat on the Senate Education Committee, today announced that he will hold a hearing to examine how the recent turmoil in U.S. credit markets is affecting the cost and availability of student loans.  Witnesses will testify on how the tightening of credit, a result of the subprime mortgage crisis, may make it more difficult for some student lenders to provide educational loans for students and their families.
 
 
WHO:             Chairman Chris Dodd
Members of the Senate Banking Committee
 
                        Mr. John (Jack) F. Remondi
                        Vice Chairman and Chief Financial Officer, Sallie Mae, Inc.
 
                        Mr. Tom Deutsch
                        Deputy Executive Director, American Securitization Forum
                       
                        Ms. Patricia McGuire
                        President, Trinity Washington University
                       
                        Ms. Sarah Flanagan
                        Vice President for Policy Development, National Association of Independent Colleges and Universities
 
                        Mr. Mark Kantrowitz
                        Publisher, FinAid.org
 
                        ***Additional witnesses to be announced***
 
WHERE:  SENATE BANKING COMMITTEE HEARING ROOM
       538 DIRKSEN SENATE OFFICE BUILDING
 
WHEN:  10 A.M. TUESDAY, APRIL 15TH