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Purdue president says student loan bailout is ‘flagrantly illegal’

The president cannot create a bailout on his own, Mitch Daniels says

Purdue University’s president called a potential executive action student loan bailout “flagrantly illegal.”

Mitch Daniels, a former George W. Bush administration official, now leads the Big Ten university.

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MORE: Student loan bailout discourages work, business owner says

IMAGE: CNBC

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