November 26, 1999

Bill Would Extend Tax Breaks for Colleges and Change Rates on Student Loans

By SARA HEBEL

Two tax benefits important to higher education would be extended under consensus legislation that passed the House of Representatives last week, and that the Senate and President Clinton are expected to support.

The tax package also included a highly controversial measure, which the Administration opposes but is expected to swallow, that would change the way interest rates are set for guaranteed student loans. That measure was being bounced from bill to bill late last week, but

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