Thursday, September 27, 2007

Bush signed the school loan legislation bill

Good news for once!
The legislation boosts the maximum Pell grant, which goes to the poorest college students, from $4,310 a year to $5,400 a year by 2012.

It also cuts in half the interest rates on federally backed student loans — from 6.8 percent to 3.4 percent — over the next four years.

Read the full story here.

2 comments:

Wendy said...

Hey there! Probably the only thing that he has done in 8 years that is commendable.

Bexy said...

Wendy!! So nice to hear from you. I think it's funny that the last time we saw each other was at a truckstop, or somesuch. Hope you are well! xo