FROM THE ARCHIVE
Change to college loan policy dropped
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THURSDAY, MAY 2, 2002 The Bush administration has dropped a proposal to change a college loan policy due to lack of Congressional support. The Office of Management and Budget wanted to eliminate fixed-rate consolidation for the Pell Grant program in order to make up for a $1.3 billion shortfall. Consolidation can save students thousands of dollars. Senate Democrats wrote President Bush on Tuesday to oppose any changes. Get the Story:
Bush will drop proposal to use student loan savings for Pell grant shortfall (AP 5/1) Relevant Links:
Federal Pell Grants - http://www.ed.gov/prog_info/SFA/StudentGuide/2000-1/pell.html Related Stories:
Changes to student loan policy sought (4/30)
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