WASHINGTON - The Brazos Higher Education Service Corp. has extended to the end of the month the deadline for issuers to agree to voluntarily tender, at less than par, roughly $6 billion of outstanding taxable student-loan related securities so that it can restructure them as term floating-rate notes.

The extension comes after the Waco, Tex.-based student loan lender failed to obtain enough investors willing to tender to proceed with the restructuring.

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