Senate Remains Undecided On Raising Student-Loan Limits (The Chronicle of Higher Education)
"As the U.S. Senate prepares to take up an economic-stimulus bill packed with money for colleges and students, a quiet battle is taking place over whether the measure should raise the limits on student borrowing through the federal loan programs," The Chronicle of Higher Education reports. "The House of Representatives has already voted for an increase. The stimulus legislation it approved on Wednesday would raise the maximum amounts that undergraduates could borrow in unsubsidized Stafford Loans by $2,000 a year, or $8,000 over four years. But the Senate bill, so far, contains no increase. ... [T]he National Association of Student Financial Aid Administrators is lobbying for an increase, arguing that it would help students avoid private loans, which have become costlier and scarcer in the credit crunch."
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