House OKs Pell grant increase, lower college-loan interest rates (San Jose Mercury News)



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Loan consolidation allows students to combine multipleloans intoa single instrument, one loan from a single lender. In effect,this is like refinancing a mortgage or credit card or other debtconsolidation - multiple debts reduced to one. The balances ofthe multiple loans are paid off by the loan consolidationlender, and voila' - a single loan payment at a more favorableinterest rate. Translation: lower monthly payments, lessoverhead costs for the borrowed money, and more immediate cashflow to spend on more important items today.

House OKs Pell grant increase, lower college-loan interest rates (San Jose Mercury News)

WASHINGTON - The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.

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With Billions at Stake in Sallie Mae Buyout, SEIU, Students to Push J.C. Flowers, Big Banks to Support Student Loan ... (The San Francisco Examiner)

WASHINGTON ( Map ) - Coming just as Congress passed a new bill to cut nearly $19 billion from lender subsidies to pay for increased aid to college students, a new campaign will kick off Monday to bring the voices and stories of middle class and low-income families hard hit by soaring education costs and high interest rates to Congress and the private equity suitors of Sallie Mae (NYSE: SLM), J.C. ...

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House OKs cutting student loan interest rates (Tuscaloosa News)

WASHINGTON | Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval on Wednesday.To pay for the proposal, lawmakers would cut roughly $19 billion in/sfederal subsidies to banks that issue government-backed student loans.

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House OKs bill to lower student-loan interest (Fort Worth Star-Telegram)

By NANCY ZUCKERBROD Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval Wednesday. To pay for the plan, lawmakers would cut $19 billion in federal subsidies to banks that issue government-backed student loans. The bill passed 273-149. The Senate is expected to vote on a similar bill this month. Highlights of the House ...

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House OKs cuts to student loan interest rates (Houston Chronicle)

Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval today.

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House votes to cut student loan interest, raise grants (USA Today)

The House has passed legislation to slash interest rates on student loans and give more aid to poor people who want to go to college. The vote was 273-149, the Associated Press reports. The interest rate on subsidized loans for...

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With Billions at Stake in Sallie Mae Buyout, SEIU, Students to Push J.C. Flowers, Big Banks to Support Student Loan ... (PR Newswire via Yahoo! News)

Coming just as Congress passed a new bill to cut nearly $19 billion from lender subsidies to pay for increased aid to college students, a new campaign will kick off Monday to bring the voices and stories of middle class and low-income families hard hit by soaring education costs and high interest rates to Congress and the private equity suitors of Sallie Mae (NYSE: SLM), J.C. Flowers, Bank of ...

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Student Loan Reform Still Faces Obstacles (US News & World Report)

With House passage of the 2007 College Cost Reduction Act, student loan reform has moved one step closer to reality, but significant obstacles remain.

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House passes bill to cut interest rates on student loans, boost Pell grants (Siskiyou Daily News)

WASHINGTON – Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval on Wednesday.

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House OKs cuts to student loan rates (AP via Yahoo! News)

Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval on Wednesday.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Related keywords: consolidate private student loanconsolidation federal government loan student, student loan bill consolidation

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Student Loan Reform Still Faces Obstacles (US News & World Report)