House Passes Overhaul of College Aid Program

By: The Associated Press Email
By: The Associated Press Email

The House has voted in favor of the biggest overhaul of college aid programs since their creation in the 1960s - a bill to oust private lenders from the student loan business and put the government in charge.

Thursday's vote was 253-171 in favor of a bill that fulfills an
array of President Barack Obama's campaign promises, ending
subsidies for private lenders, boosting Pell Grants for needy
students and paying for community college reforms, among other
things.

The measure goes next to the Senate, where its fate is a little
less certain.


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