June 2007
Hill;6/19/2007, Vol. 14 Issue 73, p28
The article reports that the House Education Committee has approved a bill that would cut the student loan subsidies to private lenders in the U.S. The House bill will intend to whittle the subsidies of the bank by $18.5 billion and divert the savings to increase the amount of Pell grants and direct student aid. Moreover, America's Student Loan Providers has claimed that it would lead to the expansion of the 100% government-run direct loan program.


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