Senate's Draft Student-Loan Bill Differs From House Version (The Chronicle of Higher Education)

"A week after the U.S. House of Representatives passed legislation to end bank-based lending and expand aid to students and colleges, Senate aides are putting the final touches on their chamber's version of the bill," The Chronicle of Higher Education reports. "While the bill will not be officially released until next week, a draft version circulating among lobbyists and student-aid experts would provide a larger minimum Pell Grant than the House version, while offering states and colleges more money ($4.25-billion vs. $3-billion) for access and completion programs. Both bills would increase the Perkins Loan program from $1-billion to $6-billion, though the measures differ in how they would distribute the money to colleges ... "

You can read the complete Sept. 25, 2009 Chronicle of Higher Education article on-line.

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