This is the bill Obama talked about at the University of Maryland rally today:
The House is poised to vote to push private lenders out of the federal college loan business and massively expand the government's own lending program.
Following a day of debate, House lawmakers were expected to approve on Thursday a student aid bill that has widespread support, including from the White House. The measure will then go to the Senate, where its fate is somewhat less certain.
Putting the government in charge of all federal loans would save taxpayers an estimated $87 billion, according to the Congressional Budget Office. The CBO says the figure could be much lower, $47 billion, when administrative costs and market conditions are considered. More at MSNBC.
