September 23, 2005

Notable Provisions in the Senate Version of the Higher Education Act

By STEPHEN BURD

Direct Lending

Supporters of the federal direct-student-loan program found much to cheer about in legislation to extend the Higher Education Act, approved by the U.S. Senate's education committee this month.

For instance, the Senate bill -- unlike the version passed by the education committee in the House of Representatives in July -- would continue to allow the secretary of education to provide rebates on the fees students must pay the government to obtain direct

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