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New House Bill Proposes Severe Impacts on Student Financial Aid
Pending legislation to reshape federal student aid
There is currently a Republican House-led bill that proposes substantial changes to financial assistance for both undergraduate and graduate students, including students aiming to finance their professional education.
Proposed changes include elimination of subsidized Stafford loans, primarily affecting middle and lower income students. There are also plans affecting loan forgiveness, repayment timelines, Federal Work Study as well as placing limits on parent private loans.
Overall, these changes are projected to increase loan costs for new and current borrowers. For more information, click here.
Marla Platt, M.B.A. is an independent college consultant based in Sudbury, MA through AchieveCoach College Consulting, providing expert and personalized college counseling to students and families throughout the college planning, search and admissions process. Marla is a professional member of the Independent Educational Consultants Association and can be reached via www.achievecoach.com
Serving high school students in:
Sudbury, Wayland, Acton, Groton, Hopkinton, Newton, Wellesley, Weston, Natick, Needham, Brookline, Bolton, Concord, Carlisle, Lexington, Framingham, Dover, Sherborn, Grafton, Hopkinton, Arlington, Cambridge and all of Metrowest Boston and New England.
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