The U.S. Education Department, yielding to pressure from historically black colleges (HBCUs) and members of Congress, said Wednesday that it would reconsider recent changes to the standards it uses to award Parent PLUS loans.
In a letter seen by reporters, the U.S. Secretary of Education Arne Duncan told the chair of the Congressional Black Caucus, Rep. Marcia L. Fudge, Democrat of Ohio, that his agency would review its definition of "adverse credit" in rule-making sessions planned for
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