NAICU - Obama's student loan plan moving forward with health bill

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Obama's student loan plan moving forward with health bill

Washington Post

March 18, 2010

President Obama moved closer to achieving one of his top policy goals Thursday as congressional Democrats joined forces behind a bill that would cut funding to private student lenders and redirect billions of dollars in expected savings into grants to needy students. Nonpartisan congressional budget analysts estimate the savings at more than $60 billion over the next decade, most of which would go to the popular but oversubscribed Pell grant program.

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