September 25, 2009
Senate's Draft Student-Loan Bill Differs From House Version
Washington
A week after the U.S. House of Representatives passed legislation to end bank-based lending and expand aid to students and colleges, Senate aides are putting the final touches on their chamber's version of the bill.
While the bill will not be officially released until next week, a draft version circulating among lobbyists and student-aid experts would provide a larger minimum Pell Grant than the House version, while offering states and colleges more money ($4.25-billion vs.
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