Somewhat lost in the House of Representativesâ?? approval of the health care reform bill on Sunday night was its vote in favor of President Obamaâ??s overhaul of the federal student loan system. Under the measure, fees paid to private banks as intermediaries would be eliminated; the maximum value of Pell grants would rise â?? though not by as much as in previous versions â?? and college graduates in low-paying jobs would have an easier time paying back loans.
Office of Strategic Communication