President Obama signed legislation this week that ends federal subsidies to private banks for student loans. His administration says the federal money previously spent backing those loans can now be channeled into the Pell Grant program, community colleges and historically black colleges. In this hour, we discuss what the changes mean for students and institutions of higher education.
Guests:
Nancy Coolidge, coordinator of federal and state student financial support programs with the University of California
Sara Hebel, senior editor of government and politics for the Chronicle of Higher Education
George Miller, U.S. congressman (D) representing California's 7th District and chair of the Education and Labor Committee which has jurisdiction over some aspects of health care reform
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