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Financial Aid in the News

U.S. Rep Miller Defends Student Loan Bill (Reuters)

"The sponsor of a bill in the U.S. Congress to reshape the $92-billion student loan market told Reuters on Tuesday it will come to a vote soon and he disputed claims that its federal budget savings are overblown," Reuters reports. "Representative George Miller, the Democratic chairman of the House of Representatives Education and Labor Committee, accused Republican critics contesting earlier budget savings estimates of 'yet another predictable political gimmick.' In an exclusive interview, Miller said 'We are getting ready to take (the bill) to the floor of the Congress, probably right after the August break.' 'This is a real opportunity for us, in the aftermath of the crash of the credit markets, to redesign the student loan program so we can save almost $90 billion, and at the same time plow those savings back into benefits for students,' he said."

You can read the complete July 28, 2009 Reuters article on-line.

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