House, for the Second Time, Approves Controversial Budget Bill

Dervarics, Charles
February 2006
Diverse: Issues in Higher Education;2/23/2006, Vol. 23 Issue 1, p6
This article reports on the approval of the U.S. House of Representatives on a controversial budget bill that will slash nearly $13 billion from student loan programs and that may raise interest rates for student and parent borrowers as of February 2006. The legislation was sent to President Bush, who has signed it into law. Overall, the law will cut $39 billion from Medicaid, child support enforcement and other programs, with student loans accounting for about one-third of the reductions.


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