Thursday, April 1, 2010

Some students may only have to pay back part of their loans under the new Bill

More about the new Education Reform bill

I am really glad there are going to be new, better loans for students. I am guessing we will find out more soon. To me, the changes sound good. Mary Bevevino, PhD, a writer for the news site, explains that this new Direct Loan program includes some benefits for public service workers, such as teachers, law enforcement, and the military. Here is a quote from her article:

"The direct loan program provides a bonus for those college students majoring in public service careers such as teaching or nursing, as well as law enforcement and the military services.  If they pay their monthly payments regularly during the first 10 years after graduating, the rest of their 25-year loan will be forgiven (Erie Times-News, April 1, 2010, 6B)."

Other students will recieve money off of their student loans as well. Find out more at her article here:
 Financial Aid for College Students - Good News for Students Interested in Public Service Careers.
And thanks for @FafsaHelp on Twitter for a link to this really good article.

More articles:
(Yahoo) New law helps students pay for college
The Modesto Bee: law helps students
The bill only a first step - students need more (FastWeb)



Some good scholarship links:
Related Posts Plugin for WordPress, Blogger...