Kennedy Introduces Legislation That Would Alter Federal Financial Aid
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On April 3 Senator Edward M. Kennedy (D-MA) introduced legislation that would make sweeping changes to federal financial aid. The bill, given the short name ''Strengthening Student Aid for All Act,'' is intended to ensure students have sufficient access to financial aid, in the forms of both grants and loans.
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Depending on the type of loans you borrowed, your interest rate could have a cap set as high as 9%. This rate can be reduced by an additional 1.25% with our borrower benefits.
