January 30, 2009
Senate Remains Undecided on Raising Student-Loan Limits
Washington
As the U.S. Senate prepares to take up an economic-stimulus bill packed with money for colleges and students, a quiet battle is taking place over whether the measure should raise the limits on student borrowing through the federal loan programs.
The House of Representatives has already voted for an increase. The stimulus legislation it approved on Wednesday would raise the maximum amounts that undergraduates could borrow in unsubsidized Stafford Loans by $2,000 a year, or
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