June 29, 2007
Senate Panel Votes to Cut Lender Subsidies and Increase Student Aid
New versions of major higher-education and spending bills advance quickly with strong bipartisan support
The Senate education committee approved a pair of bills last week that would slash government subsidies to student-loan companies, increase student aid, and set higher-education policy for the next five years.
No Democrats and only three Republicans voted against the first bill — a "budget reconciliation" measure that would cut lender subsidies by over
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