September 21, 2007
Federal Lawmakers Approve Landmark Increase in Student Aid
Congress overwhelmingly passes compromise measure over objections of loan companies
President Bush is poised to sign legislation that would provide the largest increase in federal student aid since the GI Bill.
The compromise bill, which would slash government subsidies to student-loan companies and use the savings to reduce the federal deficit, raise the maximum Pell Grant, and halve the interest rate on subsidized student loans, cleared Congress this month. The vote was 79 to
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Notes From Academe
-
The Chronicle Review
-
Administration
