(Reuters) - WASHINGTON, July 11 - The U.S. House of
Representatives voted 273-149 on Wednesday to slash federal
subsidies paid to college student-loan companies such as Sallie
Mae and Citigroup and boost grants to students,
ignoring a White House veto threat.
The House bill and a similar measure in the Senate have
been attacked by the $85 billion student-loan industry, but
championed by industry critics, including some student groups.
Read more at Reuters.com Bonds News
Representatives voted 273-149 on Wednesday to slash federal
subsidies paid to college student-loan companies such as Sallie
Mae and Citigroup and boost grants to students,
ignoring a White House veto threat.
The House bill and a similar measure in the Senate have
been attacked by the $85 billion student-loan industry, but
championed by industry critics, including some student groups.
Read more at Reuters.com Bonds News
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