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House Backs Student Aid Overhaul

HeadlineMar 22, 2010

In another victory for the White House, the House also approved an education measure that would bring about a major overhaul of student aid. The bill would end government payments to banks that have provided student loans at exorbitant rates. Instead, the government would expand direct student loans and award an additional $36 billion in Pell Grants over ten years.

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