U.S. House Passes Student Loan Overhaul - Repercussions in Maine?
Sun-Journal Lewiston, Me. › June 25, 2010
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Summary
The U.S. House voted Thursday in favor of the biggest overhaul of college aid programs since their creation in the 1960s. The bill would oust private lenders from the student loan business and put the government in charge.
The vote fell largely along party lines, 253-171, with U.S. Reps. Mike Michaud and Chellie Pingree, Maine Democrats, voting in favor. Spokespersons for U.S. Sens. Olympia Snowe and Susan Collins said neither had taken a position on the bill, which will go next to the U.S. Senate for a vote.See the full content of this document
Extract
U.S. House Passes Student Loan Overhaul - Repercussions in Maine?
The measure ends subsidies for private lenders, boosts Pell Grants for needy students and creates a grant program to improve community colleges, among other things.
Ending loan subsidies and...See the full content of this document
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