Breaking student loans news… the Times Free Press has released a student loans story that should be of interest to both parents and students researching student loans and financial aid for college.
“The White House has announced it will be pushing to eliminate federally backed private student loans in order to save billions of dollars, and also to make the federal government the only provider of student loans. U.S. education officials say $47.5 billion to $97 billion could be saved if the Federal Family Education Loan Program is cut and the U.S. Department of Education Direct Loan program begins originating and managing student loans.
Seventy percent of colleges and universities in the United States now participate in the Federal Family Education Loan Program, but that number is dwindling.
More than 25 percent of FFELP participants said they either are considering or already are committed to moving into the Direct Loan program next year, according to the National Association of Student Financial Aid Administrators.”
Read this full breaking news student loan story at timesfreepress.com
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