The House voted Thursday in favor of the biggest overhaul of college aid programs since their creation in the 1960s â?? a bill to oust private lenders from the student loan business and put the government in charge. The vote was 253-171 in favor of a bill that fulfills nearly all of President Obamaâ??s campaign promises for higher education: 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.
Office of Strategic Communication