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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The interest rate on all federal loans has increased by almost 2 percent; you must consolidate now or you will be stuck with this high rate for the life of your loan.
