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Feb 13, 2007

Thoughts on missed opportunities on financial aid

Arthur M. Hauptman of Inside Higher Ed shares his thoughts on missed opportunities on financial aid.

Article's highlights:
- a bill to cut interest rates in half for some new borrowers (namely, students and their families)
- Pell Grant maximum award sees first increase in several years
- the students’ benefit from lower interest rates
- are the interest rate cuts limited to new borrowers in the subsidized student loan program?
- could the House-passed legislation provide help for the millions of borrowers who are currently having trouble repaying their loans because of high debt levels and/or low incomes?
- what would be a better approach to target increased awards on the lowest income students?

read the full article here.