Wednesday, October 10, 2007

Okay, so they are doing something real in Congress

Congress did get one "real" thing done. They passed, and President Bush gave up initial concerns to sign, the College Cost Reduction and Access Act. It claims to give the biggest increase in college student financial aid since the original G.I. Bill. It finds the money in the budget by cutting back on federal payments to student loan lenders. Let's see if the reduced federal payments have the opposite effect, driving lenders out of the student lending business, as opponents claim. Either way, if you have a Pell Grant, its value is going up.

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