Beacon Financial Advisors » student loans http://www.beacon-advisor.com Hourly, Fee-Only Financial Planning Sun, 24 Apr 2011 02:41:28 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 More Financial Aid for College Students on the Way? http://www.beacon-advisor.com/2007/09/more-financial-aid-for-college-students-on-the-way/?utm_source=rss&utm_medium=rss&utm_campaign=more-financial-aid-for-college-students-on-the-way http://www.beacon-advisor.com/2007/09/more-financial-aid-for-college-students-on-the-way/#comments Thu, 06 Sep 2007 17:44:54 +0000 Kristine McKinley http://beaconfinancialtips.com/?p=94 ]]> According to MarketWatch.com, President Bush plans on signing legislation that would increase college financial aid by about $20 billion over the next five years.

The new bill would reduce the interest rate on need-based student loans to 3.4% (currently 6.8%) over the next four years.

It would also increase the Pell grant maximum to $5,400 over the next five years.

Other provisions in the bill will help borrowers who are having trouble meeting payments due to economic hardships. 

For more details, click here.

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