The Chronicle of Higher Education is reporting that the House Budget Committee has released a report that doesn't seem as eager to eliminate FFELP. Here is the key excerpt:
- Recommended that lawmakers “review options for the student-loan program that will maintain a role” for lenders, and to “look for ways to achieve savings that capitalize on current infrastructure and minimize the disruption to students and employees” of banks and other lenders.
- In terms of the process going forward:
- "The full House will debate the measure this week. A similar resolution is advancing through the Senate, though that measure lacks instructions for the education committee. Once both chambers pass their resolutions, they will meet in a conference to craft a compromise."
Stay tuned....
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