WASHINGTON - Department of Education officials said yesterday that they will take several steps toward easing lender access to emergency liquidity, a move that received applause from nonprofit members of the student loan industry who are still grappling with how to originate loans for the new academic year that began July 1.

The steps, which include disclosing the terms of agreements and extending deadlines for the letters of intent lenders must file to borrow funds from the department, were detailed at the Education Finance Council's mid-year conference in Alexandria, Va.

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