The House of Representatives has approved the College Cost Reduction Act, which will cut subsidies to lenders and limit loan interest for students. The White House has threatened to veto the legislation, saying it creates too much new spending and will hurt student borrowers in the long run.

This entry was posted on Friday, July 13th, 2007 at 11:15 pm and is filed under College Loans, Education. Tags: College, Student. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.