August 3, 2007
Senate Passes Higher-Education Bill, Including Code for College-Lender Ties
The U.S. Senate unanimously approved legislation last week that will set federal higher-education policy for the next five years, increasing federal student aid while cracking down on conflicts of interest in the student-loan industry.
The bill would reauthorize, or renew, the Higher Education Act, the law governing most federal student-aid programs. The House of Representatives has yet to take up the legislation.
Before voting to pass the bill, senators adopted an amendment
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