FINANCING SCHOOL: Congress sent President Bush legislation Friday to boost financial aid for college students by cutting some $20 billion in government subsidies to banks that make student loans.
A LIKELY LAW: Bush has indicated he will sign the bill.
DETAILS: It would increase the maximum Pell grant by 2012 and cut interest rates on federally backed student loans to poor and middle-class students.
Repayment wouldn't be required until borrowers are earning 150 percent of the poverty line, and would be capped at 15 percent of income beyond that.
Right on.
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |