Letter to lawmakers says reductions in student loan programs would hurt students and lenders alike, limiting access to college.
U.S. can seize benefits when borrower has been delinquent for a decade, Supreme Court rules.
A tumultuous day may only delay passage of budget and other bills that college groups generally dislike.
Rising student debts and inconsistent rules make time ripe for new repayment options, report says.
Governors in 3 states target student loan agencies for cash influx, but privatization worries critics.
Student loan repayment may preclude large numbers of graduates from teaching and social work jobs, study suggests.
Coalition of student groups and lenders urge Education Department to change rules to make student loan repayment easier.
Sallie Mae received the full "60 Minutes" treatment Sunday night, in a segment that highlighted criticism that the student loan giant profits on the backs of students and taxpayers.
When Congress hurriedly passed a mammoth bill designed (in name, at least) to cut the federal deficit in December, lawmakers intended to raise the interest rate on loans taken out by parents to 8.5 percent from 7.9 percent as of July 1.
House appropriations bill calls for $100 Pell Grant increase and level funding for programs White House proposed cutting.
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