GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Kevin Rose	3/27/2010 12:23:52 AM
	1 Recommendation Read Replies (1) of 173976

Student loans should be simpler under new law Another victory for the American people instead of corporations - thanks again, Barack and the Democrats! By David Lightman, McClatchy Newspapers David Lightman, Mcclatchy Newspapers – 2 hrs 51 mins ago WASHINGTON — Students and their families should find the student loan process simpler, and lower-income students should find more financial help, under the sweeping changes tucked into the health-care legislation that Congress passed this week. The measure, aimed at taking banks and other private lenders out of the lucrative federal subsidized student-loan market, also would lessen the burden for some graduates as they pay back their loans. Currently, certain students with low incomes and large loan balances don't have to pay more than 15 percent of their incomes each month on the loans. The new law will lower that to 10 percent. The changes, which are projected to save the government $61 billion over 10 years, also will forgive the loans after 20 years of repayment, down from 25 currently. news.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next