Student Loan - Loans and Debt Consolidation

EASING FINANCIAL AID WBNG TV

Easing Financial Aid

August 30, 2010 Updated Aug 30, 2010 at 6:46 PM EDT

Vestal, NY WBNG Binghamton And as students return for the year, its now easier to obtain financial aid.

New federal legislation could help lessen the burden for student loans.

An overhaul of the federal student loan program will increase Pell grants and make loans easier to repay.

All new loans must now originate through the federal governments Direct Loan program

It helps students like Jenna Pollak who is looking to further education post graduation.

Without the legislation, the maxium Pell Grant was set to be cut in half from about $6,000 n 2010 to about $3,000 in 2011.

According to Congressman Maurice Hinchey, student loan reform will save tax payers $61 billion annually.

Source: http://www.wbng.com