Students loans now own your soul a little less

30 Mar

President Obama signed student loan reform into law today. The law was part of the health care bill. The Associated Press has a story on the signing here.

The reforms will mean a few very specific changes for students. USAToday outlined them recently in a story.

Some key points, according to USAToday:

  • Lower interest rates for parent borrowers and graduate students
  • Lower payments for low-income graduates
  • Expanded Pell Grants

I think these changes will be helpful.

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