Student Loan Consolidation Programs

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More Criticize Coming Student Loan & Consolidation Bill

I read  great article on some of the other possible negatives associated with the bill passed by congress and set to be in front of the president soon. Here's the highlights and a link to the full article.

We have posted some pretty harsh criticisms of this bill but there were a few specific points in this SavannahNow.com article that we didn't mention.

1)Student Loan 529 savings plans will no longer be exempt from assessments.

2)The budget cuts will eliminate the Supplemental Educational Opportunity Grant.

3)The increase in Pell Grants will actually benefit colleges more than students saving them $1,875 over two years on first-year and second-year students.

Here's a link to the full article:

http://www.savannahnow.com/node/361695

Posted by nicod3mus on September 21, 2007 05:49 PM |

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