College is becoming more affordable for students with loans.

Legislature passed the College Cost Reduction Act today.

The 18-billion dollar investment will go towards student loan and Pell Grant aid for over five years. It is expected to save students and families thousands of dollars over the typical loan for a four-year-school.

“Last academic year, more than 500,000 students nationwide received a Perkins Loan to help them pay for college,” said Congressman Altmire.

The bill will provide tuition assistance for excellent undergraduate students who agree to teach in public schools.

Taxes will not increase and no new spending will be created.

Source

This entry was posted on Friday, July 13th, 2007 at 11:12 pm and is filed under College Grant, Education. Tags: College, Grant, Loans, Student, Student Loan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.