April 15, 2008
Education Department Reaches Agreement With Student-Aid Panel on New Regulations
Washington
An advisory panel representing colleges, students, and the banking industry reached agreement on Monday with the U.S. Education Department on regulations for carrying out a law that cut $20-billion in federal subsidies on student loans.
Talks went on for 10 days, spread out over three months, about what rules the department should recommend to realize Congress's goals when it approved the law in September. Among the provisions in the law is a new income-based repayment plan to
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