The Chronicle of Higher Education
WASHINGTON UPDATE

House Passes Bill Raising Loan Rates

In a party-line vote of 216 to 214, the U.S. House of Representatives gave final approval last week to a huge bill that would slash about $12-billion from the government-backed student-loan programs, to help slow the growth of federal spending over the next five years.

The cuts, which are the largest in the...

To continue reading this premium article, you must have a Chronicle account AND a subscription or an online pass.

Subscriptions start at $40; Web passes for under $10.