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Spellings Defends Record on Student Loans

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Spellings Defends Record on Student Loans

Education

Spellings Defends Record on Student Loans

Spellings Defends Record on Student Loans

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  • <iframe src="https://www.npr.org/player/embed/10118279/10118280" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

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.