But today during a wide ranging press conference at the White House, the president graciously gave the Martinez congressman credit for authoring a bill that will provide uninterrupted access to student loans.
Bush referred to Miller by name and voiced support for H.R. 5715, the “Ensuring Continued Access to Student Loans Act of 2008.” It passed in the House on April 17 by a vote 383-27 and it’s expected to pass within a few days in the Senate. Bush has said he will sign it.
The unsettled credit market has made it more difficult for lenders in the federally guaranteed student loan program to obtain capital and some are scaling back. The new federal law makes it easier for students to borrow and allows federal officials to advance federal funds to lenders if needed.