October 28, 2005

Senate Panel Puts Higher-Education Bill on the Fast Track

By STEPHEN BURD

The U.S. Senate committee that oversees education approved a bill last week that would cut more than $15-billion, chiefly from government subsidies to private student-loan providers. It would use the savings to reduce the federal budget deficit and create two new grant programs for students from low-income families.

The committee also put legislation on the fast track that it had passed in September to extend the Higher Education Act for six years (S 1614) by attaching it to the

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