After passage of HR 3221 in the House, the bill will make its way to the Senate for a vote in about 10 days. There is great debate over the student loan portion of the Senate version of the bill. Now that the private banking industry has had more time to study the effects of moving toward government backed direct student loans and excluding private banks in this market, they are lobbying hard to stop the bill from moving forward in the Senate. Consequently, we don't yet know the final language of the bill that will hit the floor for a vote.
Once we know more, we will once again be calling on students, faculty, and staff to make the calls to our Senators, McCain and Kyl, to voice our position. If party lines hold, as they did in the House, it would be of no surprise to see our delegaion vote against the bill.
Stay tuned, I'll keep you informed.
Mike
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