<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2124c793-1b7d-4988-afff-f3d247c464a6/4B318ACA-D97E-4219-A2E1-15B4FB8617E1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/" href="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/" style="font-size: 11px;">www.rethinkinghighereducation.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/">Under the</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/">“Student Aid and Fiscal Responsibility Act,”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/">bill, private lender would no longer receive federal subsidies for providing federally guaranteed student loans. This change would free up an estimated $80 billion over 10 years, half of which would go towards Pell grants for low- and moderate-income students. (The maximum Pell award would increase from $5,350 per student this year to $6,900 by 2019.)</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/"><P>For all the legislative details, you can check out this <A href="http://www.washingtonpost.com/wp-dyn/content/article/2009/09/17/AR2009091702192.html">Washington Post article</A> or this one by the <A href="http://www.nytimes.com/2009/09/18/education/18educ.html?_r=1&ref=education">New York Times</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rethinkinghighereducation.com/2009/09/financial-aid-reform-or-not/"><P>The House’s vote, 253 to 171, was largely along party lines, with the Democrats saying that students would benefit from direct lending because the government offers a more reliable source of capital for loans than do private banks. Republicans, meanwhile, portray the legislation as an intrusive government action that will lessen consumer choice.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4B318ACA-D97E-4219-A2E1-15B4FB8617E1/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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