On July 15, 2009 the House Education and Labor Committee released a Fact Sheet outlining their legislation changing the student loan programs. This legislation will be formally introduced today, at which time we will see details about the Perkins Loan Proposal. That segment was still being discussed yesterday, with concerns having been raised about the in-school interest charges.

COHEAO expects that the legislation will closely mirror the proposals put forth by the Obama Administration and its appointees in the Department of Education, but we have been assured that there will be additional opportunities to modify it to make the proposal more workable. Click HERE to read the Fact Sheet.

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