105 Postsecondary Schools Selected For Direct-Loan Program

By Meg Sommerfeld

Washington

Secretary of Education Richard W. Riley last week unveiled a list of the 105 postsecondary institutions that were selected to participate in the first phase of the new federal direct-lending program.

"We are pleased and encouraged by the broad interest shown by the higher-education community for this new effort,'' Mr. Riley said at a news conference held at the University of the District of Columbia, one...

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