January 15, 2008

Lenders, After Losing Subsidy Battle, Face More Hurdles in the Details

By Paul Basken

Washington

Four months after winning the largest increase in federal student aid in two generations, college leaders and student representatives began waging another less-publicized battle on Monday to define critical details of how to put the legislation into effect.

Members of a federal advisory panel opened an expected two-month process of writing regulations for student-aid programs changed by the law, which was approved last September by Congress. The measure increased federal grant

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