Sen. Cardin to Address Aid for College Students
posted 10:47 pm Mon September 03, 2007 - Princess Anne, MD
The Democrat is meeting with students from the University of Maryland, Eastern Shore, in Princess Anne. He'll talk about recent Senate passage of a bill to increase student aid and reform the student loan industry. In July, the Senate unanimously passed a bill aimed at streamlining the financial aid process by creating a new, simplified financial aid application form.
The Senate bill spells out that banks cannot provide gifts to college financial aid officials or take them on expense-paid trips. Banks have sometimes doled out such perks in an effort to get on schools' preferred lender lists.
The House has passed a similar bill.
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