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Articles tagged with: student loan reform

House Passes Major Student Loan Reform

You probably already know about the major health care bill that passed the House on Sunday night. But did you know that tacked onto the end of that bill is a $60 billion student loan reform program. I’ve talked to you in the past about President Obama’s plans for overhauling student loans, and now those […]

In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle

President Obama’s plan to federalize student loans and increase funding for the Pell Grant cleared its first legislative hurdle today when the House Education Committee approved the plan. Known as the Student Aid and Fiscal Responsibility Act of 2009, the President’s plan would expand the number of students eligible for Pell Grants. Currently 40 percent […]

Possible Green Light for President Obama’s Student Loan Plan

Remember back in February, when the Finder reported on President Obama’s student loan plan – a complete revamp proposal? He plans to save billions a year by making the federal government the student lender, rather than the current system in which the fed subsidizes private lenders like Sallie Mae. He would then use some of […]