July 8, 2005
House Votes to Close Loan Loophole, Strip Funds From 2 Studies
The U.S. House of Representatives has approved a $602-billion health-and-education-spending bill that would strip federal funds from two academic studies -- both related to behavior -- and temporarily close a student-loan loophole that has provided billions of dollars in subsidies to lenders.
The legislation, approved by a 250-to-151 vote, would spare several higher-education programs that President Bush had proposed eliminating, including three popular college-preparation
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