House Republicans Cut Back College Loans Posted on November 22, 2004 Education > Bill Clears Way for Government to Cut Back College Loans” href=”http://www.nytimes.com/2004/11/21/education/21pell.html?ex=1258693200&en=4e82d0654724e554&ei=5090&partner=rssuserland”>House Republicans Cut Back College Loans so you cut pell grants but buy the president a yacht?