May 25, 2001

Senate Tax Bill Features Measures Sought and Feared by Colleges

By SARA HEBEL

The Senate Finance Committee passed a tax-cut bill last week that would provide $1.35-trillion in benefits over 11 years, including several provisions sought by higher-education lobbyists to help borrowers pay back student loans and students and parents save for college.

The bill, which the committee passed by a 14-to-6 vote and which the full Senate began considering late last week, also contains a provision that college officials say would help them solicit more donations from

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