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House Votes to Overhaul Student Loans

Increases Pell money, slashes interest rates on federal loans

By Colleen Barry, Newser Staff

Posted Jul 12, 2007 6:10 AM CDT

(Newser) – The House OKed a major shakeup of student loans yesterday, in a plan that will eliminate $19 billion in subsidies to lending companies and send the cash directly to students. The bill will increase funding for Pell grants and cut the interest rates on all... Read full story »

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House Votes to Overhaul Student Loans

Increases Pell money, slashes interest rates on federal loans

education • student loans • higher education • loans • college • college student

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More Newser Stories

Get College Degree, Live 9 Years Longer

Education linked to better health, longevity

Student Loan Rate Hike Is Overhyped

Congress is screwing college students in much bigger ways

Your Major Is Hard? Pay More Tuition

Math, science, and business students face price hikes

Obama Preaches Value of Education to Governors

Speech seen as message to tight-pursed GOP governors

Faith Experts to Santorum: Stop Ripping Colleges

Calls Obama academic 'snob'

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