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U.S. House votes to stop giving money to private lenders to make college loans

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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.

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