http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/08/13/1010.aspxThe Kentucky Higher Education Assistance Authority, the state agency that provides college loans to students attending colleges and universities in Kentucky, will “effectively run out of money” Friday while it waits to receive a $50 million loan fromenCommunityServer 2.1 SP2 (Build: 61129.1)http://www.nextstudent.com/student-loan-blog/blogs/sample_weblog/archive/2008/08/13/1010.aspx#1011Wed, 13 Aug 2008 22:38:56 GMTc0b53b60-afea-4997-819f-3c9f67288b0a:1011vicki<p>Incidents like this point up the weakness of the Federal Family Education Loan Program (FFELP), where the federal government is essentially being held hostage by private lenders. </p> <p>Forget the mortgage crisis. &nbsp; This set of circumstances was easily foreseen when Congress cut $21 billion in federal subsidies to private lenders. </p>