[caption id="attachment_41017" align="alignleft" width="215" caption="Lawmakers gave Pell Grants for low-income college students a $17 billion boost at no additional cost to taxpayers by eliminating the in-school interest subsidy on subsidized loans for graduate students."][/caption]

After weeks of political posturing, the agreement reached by lawmakers to raise the nation’s debt ceiling contains some good news for low-income undergraduate students—and bad news for other education stakeholders.

With just hours left before the national debt bumps against its cap, emergency bipartisan legislation to allow the government to borrow more money faces one final test in the...

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