Today @ Colorado State has been replaced by SOURCE. This site exists as an archive of Today @ Colorado State stories between January 1, 2009 and September 8, 2014.

Higher Ed in the News

Revised student loan bill part of massive health care legislation

March 22, 2010

Along with the major health care legislation, the House on Sunday approved a major revamping of federal student loan programs that eliminates fees paid to private banks to act as intermediaries.

Instead, the government will expand a direct lending program, a step that the Congressional Budget Office said would save taxpayers $61 billion over 10 years, and use the money to increase Pell grants for students.

The student loan bill will spend an additional $36 billion on Pell grants over 10 years.

--------------------------

Read the full story from Inside Higher Ed, The New York Times, and USA Today.