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. (USA Today, Sunday)

From the laissez-faire administration.

FEE Timely Classic
The More College Graduates the Better? It Just Ain't So! by George C. Leef