(Reuters) - WASHINGTON, July 11 - The U.S. House of
Representatives voted 273-149 on Wednesday to slash federal
subsidies paid to college student-loan companies, such as
Sallie Mae and Citigroup Inc , by $19 billion and
boost grants to students, ignoring a White House veto threat.
The House bill and a similar measure in the Senate, which a
key lawmaker said could pass as early as this month, have been
attacked by the $85 billion student-loan industry, but
championed by industry critics, including some student groups.
Read more at Reuters.com Government Filings News
Representatives voted 273-149 on Wednesday to slash federal
subsidies paid to college student-loan companies, such as
Sallie Mae and Citigroup Inc , by $19 billion and
boost grants to students, ignoring a White House veto threat.
The House bill and a similar measure in the Senate, which a
key lawmaker said could pass as early as this month, have been
attacked by the $85 billion student-loan industry, but
championed by industry critics, including some student groups.
Read more at Reuters.com Government Filings News
No comments:
Post a Comment