Senate's Slow Move Toward Student-Loan Bill Is Raising Anxieties and Opportunities (The Chronicle of Higher Education)
"A yearlong push by Congress to end the bank-based system of student lending has hit rough water in the Senate, as a result of delays due to the health-care debate, persistent pushback by loan companies, and lingering concerns among some college groups," The Chronicle of Higher Education reports. "[S]enators are not expected to turn to the higher-education bill until they complete debate over health care. A Senate version of the bill is not expected to be unveiled until after the chamber finishes with a health-care overhaul, a process that could last into December or longer. In the meantime, some higher-education leaders are still lobbying senators over the details of who exactly will get the money and on what terms. And loan companies, refusing to surrender all that federal cash without a fight, may be having luck in working behind the scenes to persuade senators to reconsider the whole idea."
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