(Reuters) - The bill, which reauthorizes the Higher Education Act and
was approved by a 95-0 vote, would also shorten the financial
aid application form and set up a pilot program in which
lenders would compete for loan business.
The vote is related to a bill the Senate passed on Friday
to cut federal subsidies to student lenders, such as Sallie Mae
, by $18.3 billion and cut interest rates for student
borrowers.
Read more at Reuters.com Bonds News
was approved by a 95-0 vote, would also shorten the financial
aid application form and set up a pilot program in which
lenders would compete for loan business.
The vote is related to a bill the Senate passed on Friday
to cut federal subsidies to student lenders, such as Sallie Mae
, by $18.3 billion and cut interest rates for student
borrowers.
Read more at Reuters.com Bonds News
