The Higher Education Opportunity Act is expected to reach the House and Senate floors by Thursday, lawmakers said on Tuesday night after meeting on the bill. Each chamber previously passed its own version of the measure.
The bill would require lenders and colleges to adopt strict codes of conduct. It would also expand scholarship aid to students and increase funding for graduate study at institutions that primarily serve minorities.
In addition, the bill would boost college aid and support for veterans and military families by creating new scholarship programs and support centers for veterans.
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