Heads up on student loans

June 20, 2009

Short note from Di Mortui Sunt:

Got student loans?  Did you know that the Federal government is changing the rules on the direct loans they give to students?  The two big changes are debt forgiveness, for those who meet certain guidelines, and new income based repayment plans.  If you’re about to get loans, you might want to wait til after July 10, when the new rules go into effect as the interest rate will be dropping and the size of the Pell Grant will increase.  Overview here and the official site here.

Official information from the U.S. Department of Education here.  You may want to check with the financial aid office at your college, too.  Gather ye lots of information while the gathering is good.