Headline »

Let’s face it financial aid is as confusing as it is necessary to a college education! That is why we have designed this website to act as a guide and solution to your financial aid concerns. Please use our free resource to find answers to your questions on every type of college financial aid question! […]

Read the full story »
Financial Aid News
College Planning
Saving for College
Home » Federal Aid, Student Loans Info

Student Loan Program to Undergo Major Changes

Submitted by

Hey all – We’ll have more on this later, but wanted to give you a head’s up on changes to the federal student loan program. The new legislation was attached to the health care bill, which passed on Sunday, March 21, 2010. The senate still must have its say but it appears the legislation will pass.

Generally speaking the legislation will overhaul the student loan industry, eliminating a $60 billion program that supports private student loans with federal subsidies and replacing it with government lending to students.

Here’s a Washington Post article summarizing the changes.

Mara will have more on this topic very soon.

Tags: ,

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.