Higher Ed Is in the House

Smart Title: 
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.

The Possible New Pell Grant: $4,925

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Congressional compromise would lift maximum grant by $125 more than $490 rise approved in budget act; NIH would receive $30 billion. Bush veto likely.

House Panel Backs Higher Ed Bill

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Colleges have mixed views on bipartisan legislation that wins unanimous approval; full House fails to override Bush veto of education/health spending bill.

Federal Budget Blahs

Smart Title: 
Higher education's hopefulness for new influx of funds fades as Congress cedes to President Bush's wishes, passing spending bill that pulls many programs below 2007 levels.


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