Senate Passes Higher Education Act Reauthorization Legislation.

This post comes from the American Council on Education. The Senate today unanimously passed the Higher Education Amendments of 2007 (S. 1642), taking a significant step toward reauthorizing the Higher Education Act of 1965, which has languished in Congress since it was due for renewal in September 2004.

The legislation includes some major modifications in programs important to colleges and universities, including raising the ceiling for the maximum Pell Grant to $6,300 and increasing restrictions on the relationships between lenders, guarantee agencies and institutions.To read the rest of this article click here.