Under this new loan program, families will finance college education for their children in the same way that they finance the purchase of a home: through long-term, federally guaranteed private loans.
Remarks After a Meeting With Representatives of the American Bankers Association in Connection With the Student Loan Program.
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Any reservations or withdrawals heretofore made which affect the lands described above are hereby revoked.
Thank you all for your welcome and for the wonderful work that you carry on.
We are grateful for the impressive gesture of good will and partnership that you have extended to us.
In that pursuit, Mr. President, United States support will be gladly given.
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