Democrats Plan Evolves (and Narrows)

Inside Higher Ed: "As the 110th Congress formally opened Thursday, with Democrats in control for the first time in 12 years, party leaders offered up a much narrower (and more realistic?) agenda for what they hope to do for students, at least in the short term. In a news release and a briefing with higher education lobbyists Thursday, aides to Rep. George Miller (D-Calif.), the new chairman of the House Education and the Workforce Committee, said that they planned to introduce a week from today legislation that would halve the interest rate paid by undergraduate borrowers with subsidized federal student loans — and would phase the cut in over five years."