(Reuters) - WASHINGTON, June 19 - The chairman of the U.S.
Senate education committee on Tuesday introduced legislation to
cut government subsidies to student loan companies, but the
cuts were milder than some expected and lender stocks rose.
Massachusetts Democrat Edward Kennedy proposed a cut of
0.50 percentage point in the "special allowance payment" made
to companies that handle federally guaranteed student loans.
Read more at Reuters.com Bonds News
Senate education committee on Tuesday introduced legislation to
cut government subsidies to student loan companies, but the
cuts were milder than some expected and lender stocks rose.
Massachusetts Democrat Edward Kennedy proposed a cut of
0.50 percentage point in the "special allowance payment" made
to companies that handle federally guaranteed student loans.
Read more at Reuters.com Bonds News
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