Sunday, March 21, 2010

Student Loans Tied to Health Care?

Regardless of whether you support health care reform or not, you must admit that tonight's events in the House of Representatives is historic. For decades, presidents, Republican and Democrat, have tried to reform health care, but tonight it finally passed. Social studies teachers across the country should be making this part of their lesson plans for the upcoming week.

What you may not know, however, is that there is another part of the bill that was voted in tonight dealing with education. Student loan reform was attached to the health care bill. It changes the way student loans are funded, no longer relying on private funding. It may be the biggest change in education since No Child Left Behind.

The bill will increase Pell grants and make it easier for students to repay loans. Some argue that it will cause a loss of jobs and put loans in the hands of the government.

Every student considering a student loan should be aware of the contents of this legislation. It may actually affect your lives more than health care.

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