March 26, 2009
House Takes First Step Toward Ending Bank-Based Lending
Washington
Setting the stage for a showdown with the Senate, the U.S. House of Representatives introduced on Wednesday a spending blueprint for 2010 that would ease passage of the president’s plan to abolish the guaranteed-student-loan program and make financing of the Pell Grant program mandatory.
The House’s spending plan, in contrast with the Senate’s version of the bill, contains instructions to the education committee to
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