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March 22, 2010

House Backs Student Aid Overhaul
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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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