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Paterson Backs Plan For Low-Interest Student Loans

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Jul 21, 2008 10:53 am US/Eastern

Paterson Backs Plan For Low-Interest Student Loans

ALBANY (AP) ― Gov. David Paterson is supporting a plan to create low-interest student loans for public and private universities in New York.
 
The proposal for a subsidized loan program financed through tax-exempt bonds comes from the state Commission on Higher Education.

Spokeswoman Marissa Shorenstein says Paterson also supports a recommendation to deregulate some areas of the State University of New York system.

The plan would give the SUNY board of trustees authority to lease university property without prior legislative approval -- as long as it supports the system's mission. In a 105-page report released Monday, the commission also recommends giving SUNY more autonomy in construction projects and procurement.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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