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Sen. Schumer wants student loan market to be protected

NEW YORK - Sen. Charles Schumer called on the federal government Monday to protect student loans as it implements the $700 billion bailout amid a credit crisis that has students worried they won't be able to pay for college. If the nation can't ensure that students who deserve to go to college can pay for it, “the price we'll pay will be that of a generation,” Schumer said outside Stuyvesant High School in lower Manhattan as the stock market swooned a mile away.

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