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From the Center for American Progress:
Pedro do la Torre explains what the Student Aid and Financial Responsibility Act is, why we need it, and why it's paired with health reform legislation.
Wednesday, March 17, 2010
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Politics:- Students of Lane will feel little effect with the passing of SAFRA, according to Rowlett. "For almost two decades, we've been trying to fix a sweetheart deal in federal law," President Obama said in a speech he gave prior to signing the act of all medical school student. He added, the capitol given and subsidies paid to banks for administering the loans "was spent padding student lenders' profits student aid loan repayment programs will receive $1.5 billion, reducing the discretionary income for payments from 15 percent to 10. "If a student is able to make monthly payments equal to 10 percent of their income for 20 years, the government will forgive the remaining amount of debt,"
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