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(Studio: Charles Kuralt) Report introduced.
(Los Angeles, California: John Blackstone) Student loan default problem examined; California banks noted as exs. [New England Loan Marketing Bd. spokesperson Lawrence O'TOOLE - comments on bank that lost names of hundreds of students who owe money.] [California Student Aid Commission spokesperson Sam. KIPP - comments on company that lost student loan records.] [Educ. Department spokesperson Charles KOLB - comments on situation.] [United Educ. and Software president Aaron COHEN - blames problems on computer software.] [Former student Joseph PIERZ - says he was harassed by company] Results of crisis noted that fewer student loans will be made in future. [Los Angeles city council spokesperson Gloria MOLINA - says minority students will be hurt most.]
- Blackstone, John;
- Kuralt, Charles
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