U.S. House votes to stop giving money to private lenders to make college loans
The U.S. House has voted to stop giving money to private lenders to make college loans and put more into the government's own loan program instead.
Tom Petri, R-Fond du Lac, has spent more than 20 years pushing for this change. And Thursday, he joined Wisconsin's five House Democrats in voting yes.
Petri has long said the current system is a sweetheart deal for the participating banks.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.