Movement on Higher Education Act

Big losers so far: student loan lenders and the for-profit diploma mills. Winners: working families looking for help for college education. From Inside Higher Ed:

The U.S. Senate education committee fleshed out its bipartisan package of legislation to renew the Higher Education Act Tuesday, calling for $17 billion in new funds for Pell Grant recipients and $18 billion in cuts to student loan providers over five years. The Senate panel also revised a Higher Education Act renewal bill it had released Monday in several key ways, most notably abandoning a plan to require accreditors to ensure that colleges do not discriminate against for-profit colleges in their policies on the transfer of academic credit. . . .