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Democrats, Under Pressure, Look to Cut Benefits From Student-Loan Bill

Chronicle of Higher Education

March 11, 2010

Congressional Democrats have begun private discussions on cutting down their $87-billion student-loan bill, largely accepting the political reality forced by new estimates of the legislation's cost and savings. The prospect of such cuts has been recognized by higher-education lobbyists as a steadily growing possibility for months, as Senate leaders refused to act on the bill out of concern that they could not overcome worries among fellow Democrats under pressure from loan-industry lobbying.

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