New Legislation Limits the Time for Student Loan Borrowers to Save
With the College Cost Reduction and Access Act of 2007 only one step away from being passed, federal student loan borrowers have limited time to take advantage of EdFed’s borrower benefits.
Senate Passes Bill to Regulate Private Educational Loans
Yesterday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs unanimously voted to pass a bill that will establish requirements for private institutions that lend educational loans. In light of the passing of the Student Loan Sunshine Act to protect students who borrow federal loans, the committee initiated this bill to give students the same protection when borrowing private loans.
New Bill Introduced to Help Active Soldiers with Their Student Loans
Active duty soldiers may catch a break on their student loans if a new bill goes into effect. Introduced on Tuesday by Senator Evan Bayh (D-IN), the Interest Relief Act would temporarily suspend interest from accruing on the student loans of active duty soldiers and their spouses for up to five years.
Report Shows Low-Income Adults Are Not Able to Pursue College Education
A report was released this week that shows low-income working adults are less likely to gain college educations than their higher-income counterparts.
Maine’s Governor Signs Bill to Help Graduates with Student Loan Debt
This week, Governor of Maine John E. Baldacci signed LD 1856, a bill that will allow college graduates tax credit for repayments on their student loans in exchange for their commitment to stay in the state to work.