House Passes Bill to Expand College Aid By TAMAR LEWIN
Published: September 17, 2009
The House of Representatives on Thursday passed legislation that expands federal aid to college students while ending federal subsidies to private lenders.
By shifting to direct federal lending, the Obama administration said it would save more than $80 billion over 10 years, which would go into higher Pell grants for low-income students, new investments in community colleges, early-childhood programs and other education efforts.
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