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发表于 2010-4-17 09:08
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[Homework]SENEWS-2010-04-15
This is the VOA special English edcation report.
Today we talk more about the cost of higher education in the United States. If you missed last week's report,you can find it at VOA special English.com.
Foreign students who need financial aid generally have to seek it from the school itself or their own government employer. If you follow the news, you know that president Obama recently signed health care reform legislation. But one of two bills he signed into law also made unrelated changes in the federal student loan program. These changes will require new loans to come directly from the department of education.The department already makes these federally guaranteed loans for American citizens and permanent legal residents.
But since 1993, it has also paid private lenders to provide them. Now,as July.1st, all new loans will go through the direct loan program only.
Officials say the new law will save the government 61,000,000 dollars over ten years. The plan is to use more than the half savings to provide more federal Pell Grant to needy students. A few billion will also go to schools that traditionally serve minorities and to help two-year community colleges.
D. B.is a senior vice president that _ American association of community colleges.Everybody in higher education benefits from almost all of thisbill.
The new law will reduce the most that borrowers must repay each year from 15% of their income to 10%. And the longest repayment period will be shortened to 25 years.Any remaining debt will be forgiven after 20 years or ten if borrowers enter public service.
Supporters in higher education said the final bill did not go far enough. Republic opponents called it an unnecessary government takeover of private industry. Another criticism was that financial services industry could loose about 30,000 jobs.
The department of education reported last year that 2/3 of graduates from 4 year colleges had student loan debt. The average is about 23,000 dollars.
And that's the VOA special English education report, written by Nancy S. You can discuss education and other subjects on our facebook page at VOA learning English. And you can find transcripes and podtcasts at VOA special English.com. I'm Steve.Ember.
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