I noticed this article on Reuters.

It looks like the U.S. House of Representatives Democrats want to slash subsidies paid to college student-loan companies such as Sallie Mae, Citigroup and Bank of America. The student-loan industry is worth over $85 billion and if this bill was adopted some industry experts said that it would squeeze profits and push the smaller loan companies out of providing education loans.

According to a White House statement, they said the bill "fails to target aid to the neediest students currently in college and creates new mandatory federal programs and policies that are poorly designed and would have significant long-term costs.".