Though credit unions aren't directly involved in the health care debate, due to some parliamentary maneuvering they are likely to lose the ability to offer certain student loans.
Senate Democrats don't have the 60 votes needed to overcome a likely GOP filibuster of a bill to replace the Federal Family Education Loan Program with direct student lending. Therefore, they are including it in the reconciliation bill that may be introduced to pass President Obama's health care proposal, which only requires 51 votes.
The House, which passed the bill 253-171 mostly along party lines last September, at press time was scheduled to vote on the reconciliation measure last weekend.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
