*****************FINANCIAL
AID UPDATE****************
Congress has recently passed the College Cost Reduction
and Access Act and President Bush has signed it into law.
This legislation will have an impact on federal loan programs,
most of which will not go into effect until the 2008-09
academic year. While most of the provisions will be to a
borrower's advantage, there is still some question about
how cuts in lender subsidies will impact student loan fees
and borrower benefits. Our office is closely monitoring
the effects of this legislation and will provide you with
all relevant information as it becomes available. Please
continue to check our website for updates.
Posted October 8, 2007
********************************************************
|