July 15, 2009
House Bill Would End Guaranteed Student Loans and Overhaul Perkins Program
Washington
A bill that the chairman of the U.S. House of Representatives education committee will introduce today would end the bank-based guaranteed-student-loan program, provide additional mandatory money for Pell Grants, and expand the Perkins Loan program from the current $1-billion to $6-billion a year, while overhauling its structure, Congressional aides confirmed Tuesday night.
The bill, which the House education committee is expected to take up next week, largely mirrors President
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