College and University Blog
Financial Aid: Student Loan Changes that Benefit the Students
Both undergraduate and graduate students from low-income households have a new strike in their favor. Government Stafford loans are being hiked to provide students with a greater chance of a college education. Freshmen loans have increased from $3,500.00 to $4,500.00 for an academic year, and sophomores $5,500.00 for the same period of time. Graduate students and independents also have a significant financial edge to look forward to receiving in the near future. This means that all undergraduate students have an additional $1,000.00 to work for them. In a time of rising expenses, this definitely means something.
Of course, when one considers the importance of producing future professionals in what has been referred to as the new recession, this makes sense. When expenses rise, loans and other benefits must rise also to compensate. If they don