November 4, 2005

House Panel Approves $15-Billion Cut in Student-Loan Programs

By KELLY FIELD

The U.S. House of Representatives education committee voted 22 to 19 last week in favor of a bill that would wring $15-billion from the government's student-loan programs over the next five years.

The savings — which would largely come from reductions in government subsidies to private lenders and student-loan-guarantee agencies — would help the panel play its part in a broader Congressional effort to cut federal spending in order to lower taxes, pay down a

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