The Year-End Rush of Congress by ProQuest


Specifically, $11 billion of the savings will be used to boost the maximum Pell Grant, $6 billion will be spent to cut the interest rate on student loans from 6.8 percent to 3.4 percent over the next four years, and $2 billion will be used to expand student loan repayment options for borrowers who have difficulty repaying those loans. The Senate legislation adds complex reporting requirements in such areas as drug and alcohol prevention, teacher preparation, student lending, student body diversity, campus plans for academic improvements, graduation and placement rates, peer-to-peer file sharing, transfer of credit, and fire safety.

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