Though credit unions lost a battle over student loans in the House, they may have another chance to prevail in the Senate.
No senator has introduced a bill that would implement the Obama administration's proposal to replace the Federal Family Education Loan Program with direct student lending. Last September, the House passed a bill that would have accomplished that.
According to several sources, Sen. Tom Harkin (D-Iowa), who chairs the Senate committee with jurisdiction over the issue, has expressed interest in the issue but hasn't introduced legislation. His office did not return a phone call seeking comment.
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