Budget

Bush Threatens Veto of Student Aid Bill

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As House Democrats unveil new version of budget measure, White House opposes interest rate cut, new spending and loan auction idea.

Setting Up a Showdown on Spending

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House committee approves education appropriations bill, with increased funding for Pell and other programs left intact.

Raucous House Passes Student Aid Bill

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Measure would bolster Pell Grants and cut interest rates by cutting lender subsidies gains; questions raised about Sallie Mae deal.

Higher Ed Is in the House

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Congress takes up key bills for colleges and students, with action on student aid legislation looming in Senate.

Possible Reprieve for Lenders

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As Senate takes up massive student aid bill, close vote is expected on amendment that would ease cuts in subsidies for loan companies.

Senators Side With Students

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With backers of budget bill framing choice starkly, lawmakers reject measure that would have softened cuts to loan providers.

Unanimity in the Senate

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Higher Education Act bill that would reshape student loan programs passes 95-0. But some aid experts question how much major elements would really help students.

Democrats Set Education Budget Compromise

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Congressional leaders, after little consultation with GOP, offer budget bill that would boost Pell Grants and slash lender payments; Bush veto considered unlikely.

Pell Grant Increase On the Way

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Bush's decision not to veto compromise budget bill means students will see more aid and interest rate reduction, and lenders will suffer large cuts in federal payments.

Bigger Tent for Minority-Serving Colleges

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Just-passed law creates new federal categories (and provides new funds) for "predominantly black," Asian and Native American institutions, avoiding conflict inherent in previous proposals.

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