April 09, 2010

How the New Health Care Bill is Affecting Student Loans




 
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Fact: The average amount used to pay for college from federal student loans was $5,327 for the 2008-09 academic year.

Source: "How America Pays for College" August 2009, Sallie Mae & Gallup
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New Health Care Bill to Help Students Pay for College
by: CourseAdvisor

You may have heard about the new U.S. health care bill passed last week, which brings new terms that impact many groups, including retirees, small businesses, and children. What you may not have heard is that students struggling to pay for college will also get some help through a federal financial aid bill tied to this new health care bill. The Student Aid and Fiscal Responsibility Act has some major changes in store when it comes to student loans, the Pell Grant, and managing college debt. While you may not see a dramatic impact at first, what does all of this mean for you?
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