Student Loan Reform: What’s In It For You?
Now more than ever, Americans need affordable, quality education opportunities to help make our economy strong and competitive again. Recognizing that young people and adults across the country are seeking out new educational opportunities in record rates, the Student Aid and Fiscal Responsibility Act helps students realize their dreams of higher education by making college affordable. By eliminating wasteful subsidies to private bankers and switching to a system of direct lending of federal student loans, SAFRA makes historic investments in our economic future by making college dramatically more affordable – at no cost to taxpayers.