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IPFS News Link • Obama Administration
Both domestic priorities came in one bill, pushed through by
Democrats in the House and Senate and signed into law by a beaming
president.
The new law
makes a series of changes to the massive health insurance reform bill
that he signed into law with even greater fanfare last week.
Those
fixes included removing some specials deals that had angered the public
and providing more money for poorer and middle-income individuals and
families to help them buy health insurance.
But during an appearance at a community college in suburban
Virginia, he emphasized the overshadowed part of the bill: education.
In this final piece of health reform, Democrats added in a
restructuring of the way the government handles loans affecting
millions of students.
The law strips banks of their role as middlemen in federal student
loans and puts the government in charge. The president said that change
would save more than $60 billion over the next 10 years, which in turn
would be used to boost Pell Grants for students and reinvest in
community colleges.
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