Smells like HCR: Senate's Slow Move Toward Student-Loan Bill Is Raising Anxieties and Opportunities

[Nikki Stone1]

http://chronicle.com/article/Senates-Slow-Move-Toward/49106/?sid=at&utm_source=at&utm_medium=en

....The House of Representatives approved legislation (HR 3221) in September that would move all federal loans to the Education Department's direct-lending program and direct the estimated $87-billion in savings toward aid for low-income students, community colleges, and other education programs.

But senators are not expected to turn to the higher-education bill until they complete debate over health care. A Senate version of the bill is not expected to be unveiled until after the chamber finishes with a health-care overhaul, a process that could last into December or longer.

In the meantime, some higher-education leaders are still lobbying senators over the details of who exactly will get the money and on what terms. And loan companies, refusing to surrender all that federal cash without a fight, may be having luck in working behind the scenes to persuade senators to reconsider the whole idea...

Loan companies are gaining traction among lawmakers by proposing changes in the bank-based program, such as lowering the subsidy rates for banks, that would sharply reduce the costs paid by taxpayers. Lenders are also warning of potential banking-industry job losses, particularly in states where they have large operations and senators may therefore be more open to persuasion, Mr. Williams said....

[lonestarnot]

1. More time management.

:argh:

[librechik]

2. Ok, again, how much do I hate the Senate?

please. please Jesus make it go away with the slavery that spawned it!

I know, I know. Never happen. I am just so tired of racism, misogyny and greed ruling my America.

Make it stop!

[Nikki Stone1]

3. The Senate was always supposed to be a check on the people and what they wanted

Our Founding Fathers did not trust anyone but their own clique.

[librechik]

4. exactly--makes me FURIOUS!

[Nikki Stone1]

5. The more they drag their feet, the more lobbyists get to destroy the bill

Just like HCR.

[G_j]

6. this script sucks

but it just keeps playing out

[Nikki Stone1]

7. Yes it does.

:(

[Nikki Stone1]

8. kick

:kick: