government proposal

If a government proposal to increase federal student aid passes then students can look forward to increased college affordability at no new cost to taxpayers.

The Direct Loan Program

The Student Aid and Fiscal Responsibility Act of 2009, would face a House vote next week. The act proposes to run all new federal student loans through the Direct Loan Program starting in 2010. By this students would be allowed to borrow directly from the federal government and then they do not need to go through third-party lenders, such as banks, whose federal student-aid programs are subsidized by taxpayer money.

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Tagged as: Direct Loan program, FAFSA, federal student-aid programs, Free Application for Federal Student Aid, government proposal, Interest Rates, need-based federal student loans, Pell Grant scholarship, Student Aid and Fiscal Responsibility Act of 2009

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