Students, working families and just about everyone besides corporate lenders were worried yesterday that Congress’ efforts to make college more affordable would be thwarted by a few senators who put the greed of banks over the needs of students. Fear no more!
The Nelson-Burr Amendment, which would have taken about $3 billion in aid to students and given it to banks in the form of excessive subsidies, failed by a vote of 36-61. See how your senator voted here.
The Senate passed two other amendments on the higher education bill which should give students even more reason to cheer. Sen. Lisa Murkowki’s (you go Alaskan Republicans) amendment to redirect $176 million to the college access partnership grant program passed 73-24. And Ted Kennedy’s amendment to extend need-based Promise grants passed 52-45.
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