Mar
31
President Obama signed the budget reconciliation bill on March 30, which includes a landmark overhaul of federal student loan programs that will save taxpayers more than $60 billion by ending subsidies to private banks. The money will be redirected to education programs, including an expansion of Pell grants, and $2 billion in aid to community colleges over the next four years.
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President Obama signed the budget reconciliation bill on March 30, which includes a landmark overhaul of federal student loan programs that will save taxpayers more than $60 billion by ending subsidies to private banks. The money will be redirected to education programs, including an expansion of Pell grants, and $2 billion in aid to community colleges over the next four years. — NYT View full post on Student Loans – New York Times