WASHINGTON UPDATE
House Passes Bill Raising Loan RatesIn 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... Copyright © 2008 by The Chronicle of Higher Education Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help |