March 7, 2010
Complexities Grow for Student-Loan Bill as Senate Action Finally Draws Near
Jonathan Ernst, Getty Images
Sen. Tom Harkin, Democrat of Iowa, who chairs the education committee in the Senate: "There are broad lines of support for this bill, and momentum for its passage is building."
Enlarge Image
Jonathan Ernst, Getty Images
Sen. Tom Harkin, Democrat of Iowa, who chairs the education committee in the Senate: "There are broad lines of support for this bill, and momentum for its passage is building."
The moment Barack Obama was elected president, colleges and their students suddenly stood a good chance of receiving tens of billions of extra federal education dollars that have been going to private loan companies for decades.
Following through on promises made on the campaign trail, Mr. Obama proposed to end the bank-based federal student-loan system and direct the savings to student aid and other higher-education programs. Now, 16 months after his election, the legislative process
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
